YEREVAN, May 11. / ARKA /. Consumer loans issued by Armenian banks as of the end of March 2017 amounted to 451.1 billion drams, an increase of 3.9% compared to the beginning of the year, the Central Bank of Armenia said. It said also consumer loans in Armenian drams amounted to 353.36 billion drams, and consumer loans in foreign currency to the equivalent of 97.8 billion drams.
Also, loans issued through plastic cards amounted to 170.5 billion drams (a decline of 0.05%), car loans dropped by 12.35% to 7.2 billion drams, loans for the purchase of household appliances grew by 0.85% to 60.7 billion drams, loans secured by gold increased by 4.835 to 96.3 billion drams and other consumer loans grew by 12.68% to 116.3 billion drams .
Mortgage lending at the end of March stood at 182.4 billion drams (a decline of 0.7%). -0-
