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Armenian credit organizations’ loan portfolio grows 2.8% to AMD 126.8 billion

YEREVAN, November 22. /ARKA/. Armenian credit organizations’ aggregate outstanding loan portfolio, including leasing transactions, amounted to AMD 126.8 billion in late September after they have grown 2.8% or by AMD 29.1 billion since late June.

ARKA News Agency’s analysis shows that Norvik was the largest lender among Armenian credit organizations – its credit investments amounted to AMD 17.5 billion by late September and made up 13.78% of Armenian credit organizations’ aggregate loan portfolio by the end of the third quarter after they have grown 3.6% since the end of the previous quarter.

Five companies accounted for the largest amounts of credit investments and leasing transactions – National Mortgage Company – AMD 17.1 billion (7% growth and 13.52% share in credit companies’ aggregate portfolio),  Finca – AMD 15.2 billion (4.9% decline and 11.96% share), Aregak – about AMD 10.8 billion (3.3% decline and 8.5% share) and AGBA Leasing – AMD 7.6 billion (13.9% growth and 6.03% share).

Thirty two credit organizations functioned in Armenia in late September 2012. ($1 – AMD 406.82). -0—

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