Thu, 28 August
24.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Aggregate capital of Armenian crediting organizations grows 9.2% last year to 38.4 billion drams

YEREVAN, February 15, /ARKA/. The aggregate capital of 32 crediting organizations operating in Armenia grew 9.2% last year (by 3.242 billion Drams) to 38.4 billion Drams, according to an analysis made by ARKA news agency. The leading organization by size of capital was Aregak, whose capital stood at 6.6 billion Drams as of December 31, 2010. It constituted 17.28% of the aggregate capital of all crediting organizations.

The list of top five organizations included also Norvik with a 6 billion Drams capital that made 15.67% of crediting organizations’ aggregate capital, the National Mortgage Company – 5.8 billion Drams and 15.01% respectively, Bnakaran Yeritasardneri -3.6 billion Drams and 9.26% and ACBA Leasing – 2.4 billion Drams and 6.24%. Bnakaran Yeritasardneri crediting organization was launched a year ago.

The largest capital growth rate was reported by Kamurdj organization whose capital rose by a factor of four, Gladzor reported a 93% growth and GFC a 50% rise. By size of authorized capital the leading organizations were the National Mortgage Company -5.5 billion Drams, Bnakaran Yeritasardneri- 3.5 billion Drams and Aregak -3.4 billion Drams. Armenian crediting organizations operate 62 branches. ($1 – 364.53 Drams). -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Changes made to compulsory motor liability insurance in Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

ODDO BHF financial group exploring potential collaboration with Armenian public sector and private enterprises

On Thursday, Armenian Economy Minister Gevorg Papoyan welcomed a delegation from the ODDO BHF financial group, as reported by the press service of the Ministry of Economy.

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.

VTB (Armenia) endorses the initiative to enhance library collections in the regions

VTB Bank (Armenia) has become a participant in the Newmag BOOK DONATION educational and charitable initiative, which aims to enrich the collections of community libraries located in the regions of Armenia, as reported by the bank's press service.

LATEST NEWS

spot_imgspot_imgspot_img