YEREVAN, November 8. /ARKA/. The volume of loans issued by Armenia-based commercial banks as of late September 2023, amounted to over AMD 5.1 trillion, including prolonged and overdue loans.
The volume of loans issued in foreign currency amounted to the equivalent of AMD 1.76 trillion against AMD 1.75 trillion in August, while the volume of AMD loans fell to AMD 3.29 trillion from AMD 3.31 trillion in August.
The volume of loans extended to non-residents amounted to 260.3 billion drams from 255.9 billion drams in August, while the volume of loans to residents amounted to 4.59 trillion drams from 4.51 trillion drams in August.
The volume of AMD loans to residents in September amounted to AMD 3.01 trillion from AMD 2.56 trillion in August, and the volume of foreign currency loans amounted to AMD 1.57 trillion from AMD 1.55 trillion in August.
The volume of loans issued by credit organizations amounted to 295.5 billion drams from 294.8 billion drams in August.
At the same time, loans to non-residents amounted to AMD 16.2 billion from AMD 14.1 billion in August, while the volume of loans to residents fell to AMD 279.3 billion from AMD 280.1 billion in August.
The volume of AMD loans to residents in September fell 211.6 billion from 213.05 billion in August, and the volume of foreign currency loans amounted to 67.8 billion from 67.2 billion in August.
In September, the interest rate on loans was 12.73% (12.33% in August). The rate on repo deals of the Central Bank was 9.75% (10.25% in August). ($1 – AMD 402.51) -0-
