Sat, 11 October
17.1 C
Yerevan
USD: 382.68 RUB: 4.71 EUR: 442.80 GEL: 141.21 GBP: 507.66

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

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

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.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img