Sat, 4 October
19.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

Combined assets of Armenian crediting organizations grows by 14.1% to 102 billion drams

YEREVAN, May 17, /ARKA/. The combined assets of Armenian crediting organizations grew by 14.1% or 12.6 billion drams in the first quarter of 2011 to 102 billion drams, according to an analysis made by ARKA news agency.

The analysis shows that Norvik crediting organization was the leader by assets size. Its total assets rose by 60.05% in the first three months of 2011 from a year earlier or 6.6 billion drams to 17.7 billion drams. Norvik accounted for 17.1% of the combined assets of all crediting organizations.

The second largest was the National Mortgage Company, which reported a 25.25% year-on-year rise (2.6 billion Drams) to a total of 12.9 billion drams. Its share in the combined assets was 12.63%. Finka universal crediting organization was third with 11.1 billion drams of total assets which grew in the first quarter of 2011 by 10.45% or 1.1 billion drams. Aregak universal crediting organization’s assets grew by 4.04% or 412 million drams to 10.6 billion drams. It accounted for 10.35% of the combined assets and ACBA Leasing was fifth reporting a 0.86% rise (68.3 million drams) to 8.01 billion. Its share in the combined assets was 7.81%.

The highest asset growth rate of 60.05% was reported by Norvik universal crediting organization. The assets of Ecumenical Church Fund crediting organization rose by 40.57% or 87.5 million drams to 303.4 million drams and the National Mortgage Company posted a 25.25% rise (2.6 billion drams) to 12.9 billion drams.

There are 31 crediting organizations in Armenia with 62 branches. -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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

LATEST NEWS

spot_imgspot_imgspot_img