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Loans provided by banks of Armenia exceed AMD 3 trillion in late December 2018

YEREVAN, February 6. /ARKA/. The loans provided by banks of Armenia totaled AMD 3 128.5 billion in late December 2018 after growing 16.5% or by AMD 443.9 billion over one year, the Central bank of Armenia reports. Loans grew by AMD 42.8 billion in December alone.

The loans provided by the banks to residents have grown 16.5% since the beginning of the year to AMD 2 890.4 billion, of which AMD 1 331.5 billion has been lent in Armenian drams (38.5% growth) and AMD 1 558.8 billion in US dollars (2.6% growth).

According to the central bank’s report, the loans extended to organizations totaled AMD 1 534.9 billion (8.8% growth), to households AMD 1 139 billion (29.1% growth), to non-profit companies AMD 119.5 billion (12.5% growth) and to other financial organizations AMD 96.8 billion (17.9% growth).

Besides, AMD 238.1 billion had been lent to non-residents as of December 31, 2018 (16.1% growth). ($1 – AMD 487.65). -0–

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