YEREVAN, November 13. /ARKA/. The total liabilities of Armenia’s credit organizations slashed 1.5% to nearly 98.2 billion drams in the third quarter 2012, according to the Central Bank report.
Liabilities to banks and other financial organizations slumped 1.1% to 57.4 billion drams within the reported period.
Time liabilities of individuals increased 6.6% to 6.8 billion drams, and of legal entities, including liabilities to the government, rose 0.1% to 26.9 billion drams. At the same time, demand liabilities totaled 666.7 million drams in 3Q versus 707.7 million in 2 Q (5.8% drop).
Other liabilities of the credit organizations tumbled 29.4% to 4.3 billion drams. The value of the accrued interest rose 33.5% to nearly 2.1 billion drams.
As of 30 September 2012 there are 32 credit organizations and 90 branches in Armenia. ($1 – 409.47 drams). —0-
