Tue, 29 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian credit organizations’ ii q total assets jump 13.5% to about AMD 156.5 bln

YEREVAN, August 31. /ARKA/. The total assets of Armenia’s credits organizations climbed by 13.5% or 18.6 billion drams to nearly 156.5 billion drams over the second quarter of this year.
The analysis conducted by ARKA news agency manifests that Norvik credit organization is a leader in total assets volume- over 24.8 billion drams. The total assets of this organization advanced by 25.3% or nearly 5 billion drams within the reported period. Norvik’s total assets made up 15.8% of the aggregate assets.
The top 5 leaders in this index are also The National Mortgage Company – 19.5 billion drams (growth by 3.9% or 744.8 million drams, with 12.5% share), Finca – about 19.4 billion drams ( up by 17.6% or 2.9 billion drams, with 12.3% share), Aregak- around 12.5 billion drams (rise by 1.5% or 186.9 million drams, with 7.9% share), and AGBA Leasing- 11.3 billion drams ( boost by 44.3% or 3.4 billion drams, 7.2% share).
Fast Credit organization reported the highest growth rates in the assets ( by 88.6% or 544.4 million drams to 1.1 billion drams), according to ARKA.
As of 30 June 2012 there are 32 credit organizations in Armenia. ($1 – 409.12 drams). E.O.—0-

YEREVAN, August 31. /ARKA/. The total assets of Armenia’s credits organizations climbed by 13.5% or 18.6 billion drams to nearly 156.5 billion drams over the second quarter of this year.

The analysis conducted by ARKA news agency manifests that Norvik credit organization is a leader in total assets volume- over 24.8 billion drams. The total assets of this organization advanced by 25.3% or nearly 5 billion drams within the reported period. Norvik’s total assets made up 15.8% of the aggregate assets.

The top 5 leaders in this index are also The National Mortgage Company – 19.5 billion drams (growth by 3.9% or 744.8 million drams, with 12.5% share), Finca – about 19.4 billion drams ( up by 17.6% or 2.9 billion drams, with 12.3% share), Aregak- around 12.5 billion drams (rise by 1.5% or 186.9 million drams, with 7.9% share), and AGBA Leasing- 11.3 billion drams ( boost by 44.3% or 3.4 billion drams, 7.2% share).

Fast Credit organization reported the highest growth rates in the assets ( by 88.6% or 544.4 million drams to 1.1 billion drams), according to ARKA.

As of 30 June 2012 there are 32 credit organizations in Armenia. ($1 – 409.12 drams). —0-

spot_img

POPULAR

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

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