YEREVAN, February 9. /ARKA/. The combined capital of Armenian credit organizations in the fourth quarter of 2011 increased by 10.3% to 46.8 billion drams, the Central Bank of Armenia said in a survey about the activities of credit institutions in the fourth quarter of 2011.
According to the survey, the authorized capital of credit institutions amounted to over 34.9 billion drams, having increased by 2.7% in the fourth quarter. Foreign residents held 13.7 billion drams in the authorized capital, by 1.2% more from the previous quarter. Their retained earnings grew to 2.8 billion drams against 1.2 billion drams at the end of the third quarter. There are 32 credit organizations in Armenia which operate 78 branches. ($1 – 388.37 drams).-0-
