IN MAR 2010 CREDITING IN ARMENIA’S BANKING SECTOR GREW BY 4.7% TO $2BLN
ArmInfo
03.05.2010
ArmInfo. In Mar 2010 crediting in Armenia’s banking sector grew by
4.7% to 790.9bln AMD or $2bln. In Mar 2010 as compared with Mar 2009
the index grew by 20.7%.
With prolonged and overdue loans exclusive the index totalled 751.8bln
AMD or $1.9bln with 4.1% monthly and 17.5% annual growths.
According to the preliminary data of the Central Bank of Armenia
given to ArmInfo by the National Statistical Service of Armenia,
the share of AMD loans in the total credit portfolio (prolonged and
overdue loans exclusive) made up 46.8% or 352.1bln AMD (1% growth in
Mar 2010 and 4.3% growth as compared with Mar 2009), the share of
foreign exchange loans – 53.2% or 399.7bln AMD (7.1% growth in Mar
2010 and 32.4% growth as compared with Mar 2009).
In the AMD credit portfolio the share of long-term credits made up
77.3% or 272.1bln AMD (2% growth in Mar 2010 and 2.5% as compared
with Mar 2009), the share of short-term loans – 22.7% or 80bln AMD
(2.4% decline in Mar 2010 and 11.1% growth as compared with Mar 2009).
The share of long-term foreign exchange loans made up 79% or 316.1bln
AMD (6.1% growth in Mar 2010 and 34.6% as compared with Mar 2009),
the share of short-term credits – 21% or 83.6bln AMD (10.7% growth
in Mar 2010 and 24.4% growth as compared with mar 2009).
The share of prolonged loans in the credit portfolio made up 4.3% or
34.5bln AMD (27.6% growth in Mar 2010 and sixfold growth as compared
with Mar 2009), the share of overdue loans – 0.6% or 4.6bln AMd (6.8%
decline in Mar 2010 and half of the index of Mar 2009).
In Mar 2010 the interest rates of AMD loans dropped from 19.88%
to 19.10%, as compared with Mar 2009 – by 0.12%.