YEREVAN, August 10. /ARKA/. Armenian credit organizations’ assets grew 5.5% or by AMD 5.6 billion over the second quarter of this year to more than AMD 108 billion by late June.
ARKA News agency’s analysis showed that Norvik universal credit organization, with its assets amounting to AMD 17.9 billion, was the largest asset owner among Armenia’s credit organizations. Its assets grew 1.2% or by AMD 216 million in the second quarter. Norvik’s share in Armenian credit organizations’ aggregate assets was 16.61% in the second quarter.
National Mortgage Company, with its AMD 12.9 billion, 0.2% quarterly growth and 11.99% share in the credit organizations’ total assets, was placed second in ARKA News Agency’s ranking.
Finca universal credit organization, with AMD 11.6 billion, 3.7% growth and 10.68% share, came third and Aregak (AMD 10.8 billion, 2% growth and 10.01% share) followed Finca.
AGBA Leasing ranked fifth (AMD 7.7 billion, 3.3% decline and 7.16%).
According to ARKA News Agency singled out F.I.C.O. among other Armenian credit organizations for its fastest asset growth – its assets grew 43.74% over the second quarter to AMS 436.1 million.
Bnakaran Yeritasardnerin UCO, with its 28.6% asset growth to AMD 4.6 billion, and Farm Credit Armenia, with 26.13% growth to AMD 2.2 billion, follow F.I.C.O.
Some 31 credit organizations with 65 branches operated in Armenia inlate June 2011..-0—
