Total liabilities of credit organizations of Armenia in the third quarter of 2011 increased by 5.8% to 66.1 billion drams

YEREVAN, November 25. /ARKA/. Total liabilities of credit organizations of Armenia as of September 30, 2011 were over 66.1 billion drams, increased by 3.6 billion drams or 5.8% in the third quarter of 2011.
 
According to the analysis of ARKA News Agency the leader by the volume of total liabilities is UCO “Finca”. As of September 30 liabilities of Finca reached 10 billion drams, increased by 9.5%. In total liabilities of credit organizations of Armenia this organization has 15.2% of their volume.
 
In the first group of five by the volume of total liabilities are included also UCO “Norvik” – about 9.7 billion drams (14.6% of total liabilities of credit organizations), UCO “National Mortgage Company”  – over 6.1 billion drams (9.3%), UCO “AGBA Leasing” – over 5.6 billion drams (8.5%) and UCO “First Mortgage Company” –  over 4.2 billion drams (6.4%).
About 53.9% of all liabilities of credit organizations is focused in these five organizations – leaders by this indicator.
 
As of September 30, 2011 in Armenia 31 credit organizations with 65 branches were operating. ($1 – 383.42 drams). –0—
 
spot_img

POPULAR

VTB (Armenia) has simplified car loan process in primary market

VTB (Armenia) has launched a simplified car loan program for the purchase of new cars at more than 50 car dealerships in the market.

Euro to Armenian dram exchange rate jumped by 5.36 drams, while the dollar and ruble rose slightly: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of April 1, 2026, increased by 0.07 points compared to March 31, reaching 377.23 drams.

Armenia to Receive $200 Million from the World Bank to Develop a Sustainable and Competitive Economy

Armenia will receive $200 million (€170.3 million) from the World Bank to support its transition to a more competitive, globally integrated economy with responsible emissions management.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

Armenia’s National Assembly Committee Approves Martin Galstyan’s Candidacy for Central Bank Governor

At its meeting on Monday, Armenia's Parliamentary Committee on Financial, Credit, and Budgetary Affairs approved Martin Galstyan's candidacy for the position of Central Bank Governor, nominated by the ruling Civil Contract faction.

LATEST NEWS

spot_imgspot_imgspot_img