Fx denominated bank loans as a share of gdp reached 25.7% in third quarter of 2021 in Armenia, according to the National Central Bank. This is 7.69% less than in the previous quarter.
Historically, FX denominated bank loans as a share of GDP in Armenia reached an all time high of 33.6% in 4Q2020 and an all time low of 6.81% in 4Q2008.
Armenia has been ranked 13th within the group of 44 countries we follow in terms of FX denominated bank loans as a share of GDP.
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