YEREVAN, May 3. /ARKA/. Armenian credit organizations’ total capital grew 15.4% over the first quarter of this year to AMD 41.4 billion, the Central Bank of Armenia says in its brief quarterly review of credit organizations’ activities.
Credit organizations’ authorized capital reached AMD 28.3 billion after growing by 9.3% over the quarter.
Nonresidents had AMD 9.1 billion in Armenian credit organizations’ capital in the first quarter. This is 1.02% less than in the previous quarter.
The main reserve in credit organizations’ capital amounted to AMD 555.3 million, and undistributed profits accumulated in the capital account totaled AMD 4.94 billion in late March 2011 against AMD 4.2 billion in late December 2010.
Some 31 registered credit organizations operate in Armenia. ($1 = AMD 371.82).-0-
