YEREVAN, May 29. /ARKA/. Average return on assets (ROA) of Armenia’s credit organizations was 3.67% as of the end of March, compared to 3.77% at the end of December 2012.
An analysis by ARKA agency, the list of credit organizations with highest ROA topped by GARNI INVEST – its return on assets stood at 13.28% as of the end of the first quarter, compared to negative 1.11% at the end of Q4.
The next four credit organizations with highest ROA were GFC (12.99% against 4.52%), Aregak (10.52% against 12.37%), Arfin Credit Union (10.49% against 10.28%) and Kamurj (10.00% against 6.53%).
ROE of Armenian credit organizations was 9.15% as of the end of March, as compared to 10.12% at the end of December 2012. The leader here is again GARNI INVEST with 43.93% (against negative 4.05%) followed by Arfin Credit Union (41.53% against 43.68%), GFC (30.89% against 10.96%), Global Credit (27.25% against 25.06%) and Kamurj (17.12% against 12.91%).
There were 33 credit organizations operating in Armenia as of the end of March 2013. ($1=415.35drams).–0—
