Armenian commercial banks credit exposure totals AMD 857 billionNovember 8, 2010 - 13:00 AMT PanARMENIAN.Net - The credit exposure of Armenian commercial banks totaled AMD 857 billion by the end of September 2010. Loans amounting to AMD 824,2 were provided for Armenian citizens. AMD 32,8 billion was allocated for non-residents. The largest amount of credits - AMD 174,1 billion - was provided for trade, followed by industry (AMD 173,7 billion), consumer loans (AMD 148,9 billion), mortgage credit (AMD 85,2 billion), construction industry (AMD 65,3 billion), agricultural loans (AMD 50 billion), services sector (AMD 38,1 billion), transport and communications (AMD 26 billion), the Central Bank of Armenia said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |