OVERDUE CREDITS OF ARMENIAN COMMERCIAL BANKS 10.1BLN AMD BY END OF MAY

/ARKA/
July 8, 2009
YEREVAN

YEREVAN, July 8. /ARKA/. As of the end of May, 2009, the overdue
credits of the Armenian banking system totaled 10.1bln AMD – a
three-fold (6.8bln AMD) increase as compared with the beginning of
the year.

According to the monthly review for May 2009 released by the Central
Bank of Armenia (CBA), the share of overdue credits in the total credit
investments of the Armenian banks was 1.6% – an increase of 1.1%.

Time credits totaled 613.1bln AMD – a decrease of 2.5% as compared
with the beginning of the year. Their share in the total credit
investments reached 95%.

Prolonged credits totaled 11.9bln AMD – a 3.2-fold increase. Their
share in the total credit investments reached 1.9%.

As of the end of this May, the Armenian banks’ credit investments
totaled 635.1bln AMD against 635.8bln AMD at the beginning of the
year – a decrease of 0.1%. Short-term credits constituted 22.4%
against 23.9% early this year. Long-term credits constituted 77.6%
against 75.1% early this year.

From: Emil Lazarian | Ararat NewsPress