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

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 14–20)

This week, Armenia's financial agenda was shaped by changes in monetary policy direction, the cost of bank funding, inflation, and the situation in the foreign exchange market.

Acba Bank is a market maker for EBRD bonds in Armenia

Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.

Armenia’s health insurance package has not been reduced since the beginning of the year, and services have not become fee-based – Avanesyan

Since January 1, no changes have been made to Armenia's health insurance package that would lead to a reduction in services or the transition of any of them to a fee-based basis, stated RA Health Minister Anahit Avanesyan.

Armenia’s sovereign rating increase should lower interest rates, but external factors are putting inflationary pressure on the country: Pashinyan

During government hour in parliament on Wednesday, Armenian Prime Minister Nikol Pashinyan raised the possibility of raising interest rates on loans.

“IKO Machinery” LLC’s bonds, totaling AMD 1.1 billion listed on AMX

The Armenia Securities Exchange (AMX) today welcomed the entry into the capital market of "IKO Machinery" LLC, a company operating in both Armenia and international markets.

LATEST NEWS

spot_imgspot_imgspot_img