{"id":87763,"date":"2015-05-18T14:56:14","date_gmt":"2015-05-18T14:56:14","guid":{"rendered":"https:\/\/armbanks.am\/2015\/05\/18\/242898\/"},"modified":"2024-12-15T13:18:04","modified_gmt":"2024-12-15T13:18:04","slug":"armenian-banks-lending-to-residents-in-drams-falls-4-5-to-amd-682-billion-in-march","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/05\/18\/87763\/","title":{"rendered":"Armenian banks\u2019 lending to residents in drams falls 4.5% to AMD 682 billion in March"},"content":{"rendered":"<p><strong>YEREVAN, May 18. \/ARKA\/.<\/strong> Armenian commercial banks\u2019 lending in drams to residents shrank 4.5% in March 2015 to AMD 682 billion and loans in foreign currencies contacted by 3.1% to AMD 1 333.2 billion, the Central Bank of Armenia.<\/p>\n<p>The aggregate loans extended buy the Armenian commercial banks to residents reduced 3.6% to AMD 2 015.2 billion.<\/p>\n<p>This is the third consecutive month the banks\u2019 lending declines \u2013 in January 2015, compared with December 2014, the lending reduced 1.9%, in February it shrank 2.5% and in March 3.6%.<\/p>\n<p>The lending decline happened amid devaluation of the dram in December 2014, which was triggered mostly by the central bank\u2019s decision to increase obligatory reservation norms.<\/p>\n<p>Some Armenian banks cut their lending in January 2015 because of liquidity shortage and extended loans only to their clients, and other banks tightened lending terms.<\/p>\n<p>According to the regulator\u2019s report, the loans extended to entrepreneurs have shrunk 5.3% since the beginning of this year to AMD 1 117.9 billion in March and lending to households has reduced 1.9% to AMD 796.7 billion.<\/p>\n<p>The aggregate loans extended by Armenia\u2019s commercial banks totaled AMD 2 093.2 billion in late March (4.3% decline). ($1 \u2013 AMD 482.90). &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian commercial banks\u2019 lending in drams to residents shrank 4.5% in March 2015 to AMD 682 billion and loans in foreign currencies contacted by 3.1% to AMD 1 333.2 billion, the Central Bank of Armenia<\/p>\n","protected":false},"author":1,"featured_media":156974,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12638],"class_list":{"0":"post-87763","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-resident"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/87763","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=87763"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/87763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/156974"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=87763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=87763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=87763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}