{"id":85233,"date":"2015-03-06T16:46:22","date_gmt":"2015-03-06T16:46:22","guid":{"rendered":"https:\/\/armbanks.am\/2015\/03\/06\/242480\/"},"modified":"2024-12-15T13:16:44","modified_gmt":"2024-12-15T13:16:44","slug":"armenian-commercial-banks-and-credit-organizations-external-debt-surged-last-year-by-16-8-to-over-1-4-billion","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/03\/06\/85233\/","title":{"rendered":"Armenian commercial banks\u2019 and credit organizations\u2019 external debt surged last year by 16.8% to over $1.4 billion"},"content":{"rendered":"<p><strong>YEREVAN, March 6. \/ ARKA \/.<\/strong> Armenian commercial banks\u2019 and credit organizations\u2019 external debt surged last year by 16.8% to over $1.4 billion, the Central Bank said in its 4th quarter bulletin. In the fourth quarter alone it jumped by 22%.<\/p>\n<p>According to the bulletin, the commercial banks and credit organizations attracted last year $1.157 billion of foreign borrowings and spent also $847.1 million to repay earlier attracted loans and interests.<\/p>\n<p>In the third quarter, 22.5% of foreign lending were long-term loans, with 33.6% coming from the Netherlands, 8.5% from Malta, 6.1% from Luxembourg, 4.2% from Kazakhstan, and 32.9% from international lending organizations<\/p>\n<p>At the end of the fourth quarter of 2014 the main creditors of Armenian commercial banks and credit organizations were Russia, which accounted for 17.2%, the Netherlands (12.5%) \u200b\u200band Luxembourg (12.1%). Besides, approximately 28.5% of the loans were provided by international organizations.<\/p>\n<p>The weighted average interest rate on the loans was 6.3%. About 44.1% of foreign lending were loans with floating interest rate (LIBOR, EURIBOR, etc.). The average maturity period was 3.8 years.<\/p>\n<p>During the reporting period, the share of short-term loans increased to 18% of the attracted credits ($ 1 &#8211; 479.59 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian commercial banks\u2019 and credit organizations\u2019 external debt surged last year by 16.8% to over $1.4 billion, the Central Bank said in its 4th quarter bulletin. In the fourth quarter alone it jumped by 22%<\/p>\n","protected":false},"author":1,"featured_media":157200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,13645,12390],"class_list":{"0":"post-85233","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-commercial-bank","11":"tag-credit-organizations"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/85233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=85233"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/85233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157200"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=85233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=85233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=85233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}