ARMENIAN BANKS PROVIDE CREDITS OF 450 MLN DOLLARS AS OF LATE FEBRUARY 2006

Noyan Tapan
Apr 06 2006

YEREVAN, APRIL 6, NOYAN TAPAN. The total amount of credits provided
by the Armenian commercial banks made 197 bln 127 mln drams (about
450 mln USD) as of February 28, 2006. The credit investments account
for 96.88%, deferred loans of banks – for 2%, and overdue loans –
for 1,12% of this amount. According to the RA National Statistical
Service, the balance of the population’s deposits with the banks
grew by 24.5% compared with the same day of last year and made 19 bln
990 mln drams. In January-February 2006, the expenditures related to
the sale and purchase of foreign currency in the RA banking system
exceeded the revenues by 19,003.6 mln drams and made 23 bln 558.2
mln drams and 43 bln 561.8 mln drams respectively.