Tue, 30 September
17.1 C
Yerevan
USD: 382.75 RUB: 4.63 EUR: 448.54 GEL: 141.34 GBP: 513.96

Combined Capital Of Armenian Crediting Organizations Increases By 6.04% To 35.2 Billion Drams

YEREVAN, November 17, /ARKA/. YEREVAN, November 17, /ARKA/. The combined capital of Armenian crediting organizations increased by 6.04% in the third quarter of this year or by 2 billion Drams to 35.2 billion Drams as of September 30.

According to an analysis made by ARKA news agency, the leader by size of capital was Aregak crediting organization – 6.3 billion Drams (or 17.76% of the combined capital).

The list of top five organizations included also Norvik with a 5.8 billion Drams capital (16.53% of the total capital), the National Mortgage Company with 5.3 billion Drams (4.94%), Bnakaran Yeritasardnerin with over 3 billion Drams l (8.64%) and ACBA Leasing with over 2.3 billion Drams (6.66%). Bnakaran Yeritasardnerin crediting organizations which translates as ‘Apartments to Young People’ was established only on February 16, 2010.

The highest capital growth rates in the third quarter were posted by Garni Invest crediting organization (28.8%), Bless (23.4%) and Card Agrocredit (13.7%). By size of authorized capital the top three included   the National Mortgage Company (5 billion Drams), Aregak (3.46 billion Drams), Bnakaran Yeritasardnerin (3 billion Drams). There are 32 crediting organizations in Armenia with 62 branches. ($1 – 362.4 Drams).–0–

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s state budget deficit planned to be reduced to 1% by 2030, according to Finance Minister

Armenia's state budget deficit is planned to be reduced to 1% by 2030, announced Finance Minister Vahe Hovhannisyan.

LATEST NEWS

spot_imgspot_imgspot_img