HOW MUCH DO ARMENIAN BANKS OWE TO FOREIGNERS?

news.am
May 25, 2012 | 01:47

YEREVAN. – As of the end of the first quarter of 2012, Armenian
commercial banks and credit organizations owe $870.7 million to the
foreigners, the report of Armenia’s Central Bank states.

During this period, commercial banks and credit organizations in
Armenia have attracted external credit facilities totaling to $467.8
million. 14.6 percent of credits were in the form of long-term loans,
59.7 percent of credits were received from Russia, 18.6 percent –
from international organizations.

The major creditor nation for Armenian commercial banks and credit
organizations was Russia, whose share in total actives was 12.2
percent.