Sun, 27 July
26.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Combined assets of Armenian credit organizations increase by 12.9% in fourth quarter of 2011 to about 123.9 billion drams

YEREVAN, February 3. /ARKA/. Combined assets of credit organizations in Armenia increased by 12.9% in the fourth quarter of 2011 to about 123.9 billion drams, according to Central Bank of Armenia survey of crediting organizations’ performance in the fourth quarter of 2011.

Their amount of cash was said to rise to 1.2 billion drams, having increased by 3.7 times in comparison with the beginning of the quarter and the amount of current accounts in banks decreased by 3 3% to 4.7 billion drams.

According to the survey, loans to legal entities registered an increase of 14.4% to about 16.6 billion drams, while loans to individuals increased by 16.6% amounting to more than 55.8 billion drams. The amount of leasing, factoring recorded an increase of 14.5% to 6.1 billion drams. Loans to employees and affiliated persons decreased by 8.8% to about 2.3 billion drams.

The volume of obligations to banks and other financial institutions amounted to more than 31.9 billion drams, having increased during the reporting period by 7.2%.

At the end of December the cost of their other assets amounted to more than 3.5 billion drams, having increased by 3.8%. The size of the accrued interests amounted to more than 795 million AMD.

There are 32 credit institutions in Armenia operating 78 branches. ($1 – 387.31 drams). -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

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.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img