Armenia’s crediting organizations post 4.8 billion drams of net profits in January-September

Loans

YEREVAN, November 21. / ARKA /. Armenia’s 32 crediting organizations posted 4.8 billion drams in net profits for January-September, down 13.1 percent from a year before, according to an analysis made by ARKA news agency.

The leading organization by size of net profit was Aregak -about 1.16 billion drams, down from 1.17 billion in January-September of 2011. Aregak accounted for 24.1 percent of the total amount of all crediting organizations’ net profits.

Other leaders were Norvik – (596.5 million drams and 12.4% of the aggregate net profit of credit organizations), Finka- (588.4 million drams and 12.3%), Kamurj – (414.6 million drams and 8.6%) and the National Mortgage Company – (343.4 million drams and 7, 2%). -0-

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