YEREVAN, May 7. /ARKA/. Armenian banks’ overdue loans dropped by 4.1% at the end of March 2018 when compared to the previous month to 32.9 billion drams, according to the National Statistical Service (NSS).
According to NSS, the share of short-term overdue loans fell by 8.9% to 10.5 billion drams, while the share of long-term loans fell by 1.7% to 22.3 billion drams. The amount of extended loans decreased by 10.1% to 98.5 billion drams.
Credit investments in March grew by 2.7% to 2.587.4 trillion drams – loans in foreign currency increased by 2.9% to the equivalent of 1.619.6 trillion drams and loans in drams rose by 2.2% to 967. 7 billion drams.
In late March, the aggregate loans of Armenian banks totaled 2.718.8 trillion drams. ($ 1 – 485.37 drams) -0-
