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–
