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

Yerevan’s own budget revenues exceed target by 3.6 billion drams over 9 months

As of September 30, 2026, Yerevan’s budget had received 75.7 billion drams in own revenues, surpassing the 72.9 billion drams projected for the January–September period, reported David Hakobyan, acting head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (October 19–25)

The financial agenda in Armenia over the past week focused on the performance of the banking sector for the first nine months of 2026, the development of the bond market, and enhancements to financial regulation.

AMX held an auction to place government bonds worth 70 billion drams

YEREVAN, October 30. /ARKA/. On October 29, the Armenia...

Armenia Updates Income Declaration Procedures: New Rules, Exemptions, and Deadlines

Armenia has streamlined the process for filing annual personal income tax declarations, expanded the scope of data that is auto-populated, and defined categories of non-taxable income that citizens are not required to include in their declarations.

An increase in refinancing rate will not necessarily lead to higher loan prices: Head of Central Bank

An increase in the refinancing rate does not necessarily mean higher loan prices, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img