Mon, 7 July
19.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Armenian credit organizations’ aggregate liabilities reach AMD 56 billion by late march

YEREVAN, May 17. /ARKA/. Armenian credit organizations’ aggregate liabilities have grown 12.25% or by AMD 6.1 billion and reached AMD 56 billion by March 31.

ARKA News Agency’s analysis shows that Norvik Universal Credit Organization is the leader among Armenian credit organizations on liabilities.

Its liabilities reached AMD 13.3 billion by late March after growing 7.72% since the beginning of this year.

This organization’s share in Armenian credit organizations’ total liabilities is 23.84%.

Other leaders are Finca with its AMD 8.3 billion (14.84%), Aregak with 6.54 billion (11.7%), AGBA Leasing – AMD 6.46 billion (11.55%) and National Mortgage Company – AMD 3.5 billion (6.26%).

Their aggregate share in Armenian credit organizations’ liabilities is 68.19%.

Some 28 credit organizations with 67 branches functioned in Armenia as of March 31,2010. ($1 = AMD 384.81). —–0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

LATEST NEWS

spot_imgspot_imgspot_img