YEREVAN, January 9. /ARKA/. The overdue loans of Armenian banks slashed by 6.2% in late November 2017 when compared to the previous month, to 43.1 billion drams, according to the National Statistical Service (NSS).
According to the figures, short-term overdue loans decreased by 1.4% to 18.9 billion drams, while long-term overdue loans dropped by 9.5% to about 24.2 billion drams.
During the reporting period, the amount of extended loans decreased by 6% to 112.3 billion drams.
Credit investments made by the banks rose by 5% in late November to 2.141.4 trillion drams, while loans in foreign currency increased by 0.95% to the equivalent of 1.357.7 trillion drams, and loans in Armenian drams grew by 13.1% to 783.6 billion drams.
At the end of November, the aggregate amount of loans provided by Armenian banks stood at 2. 296.9 billion drams, an increase of 4.9%. ($ 1 – 484.93 drams). -0-
