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—

spot_img

POPULAR

Net non-commercial remittances in Armenia accelerated to 16% in April – WB

Net non-commercial remittances in Armenia increased by 16% year-on-year in April from a low base in 2025, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

Euro fell 1.94 points against the Armenian dram, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 23, 2026, increased by 0.01 points compared to 368.08 drams on June 22.

Top Travel Destinations of 2026: IDBank

Travel is no longer about just choosing a destination; it has become a way to embrace new experiences, discover various cultures, and create lasting memories.

Head of Central Bank allowed for a reduction in loan rates in Armenia, but with a caveat

Interest rates on loans in Armenia may decrease if favorable inflation and geopolitical conditions persist, stated Martin Galstyan, Chairman of the Central Bank of Armenia, on Public Television.

Reverse mortgages for pensioners and new property rights for spouses are being introduced in Armenia

At its session on Thursday, the National Assembly of Armenia adopted in the first reading amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

LATEST NEWS

spot_imgspot_imgspot_img