Tue, 17 June
20.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Aggregate liabilities of Armenian universal credit organizations grow 10.2% to amd 53.5 billion

YEREVAN, December 21. /ARKA/. Aggregate liabilities of Armenian universal credit organizations reached AMD 53.5 billion by late September, after growing 10.2% or by AMD 4.9 billion since the beginning of this year.

ARKA News Agency’s analysis shows that Norvik, with its AMD 18 billion (9% growth for nine months), is the leading universal credit organization on liabilities.
Norvik’s share in Armenian universal organizations’ aggregate liabilities was 33.7%.

FINCA, with its AMD 8.1 billion (15.17% of aggregate liabilities), Aregak with AMD 6.6 billion (12.32%), AGBA Leasing with AMD 5.6 billion (10.48%) and SEF International with 3.2 billion (5.92%) follow Norvik.
The share of these five organizations in Armenian universal credit organizations’ aggregate liabilities is 77.6%.

Twenty five universal credit organizations with their 57 branches function in Armenia now. ($1 = AMD 375.14). –0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro to Armenian dram exchange rate fell by 3.77 points

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 13, 2025, fell by 0.25 points compared to June 12 and amounted to 383.23 drams.

CBA introduces Master Documentation for Derivatives and Repurchase Transactions in Armenia

The Central Bank of Armenia (CBA), with technical assistance from the European Bank for Reconstruction and Development (EBRD) and financial support from the Japanese government, has introduced master documentation for derivatives and repurchase transactions that is governed by Armenian law.

Armenia’s state budget deficit to drop to 2.8% of GDP in 2028, compared to 5.5% in 2025 – Finance Ministry

Armenia plans to increase the state budget deficit to 2.8% of GDP in 2028, compared to 5.5% planned for 2025, said RA Finance Minister Vahe Hovhannisyan.

Central Bank of Armenia will develop a by-law for the implementation of the law “On crypto assets”

The Central Bank of Armenia will begin work on developing a by-law after the adoption of the law "On crypto assets", said the head of the regulator Martin Galstyan, answering a question from the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img