Wed, 2 July
24.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Armenian credit organizations’ total capital grows 4.2% to AMD 77.7 billion in 2nd Q

YEREVAN, August 27. /ARKA/. Armenian credit organizations’ total capital amounted to AMD 77.7 billion by late June after growing 4.2% or by 3.1 billion over the second quarter.

ARKA News Agency’s analysis shows that Bnakaran Yeritasardnerin Universal Credit Organization’s total capital was largest in late June. It amounted to about AMD 16.8 billion and made up 21.60% of the aggregate total capital of all the credit organizations of the country.

Aregak UCO was singled out for the second biggest total capital – more than AMD 10.5 billion (13.59% of all credit organizations’ total capital).

National Mortgage Company, with its AMD 10.4 billion and 13.35% came third in ARKA News Agency’s ranking.

Norvik with AMD 7.2 billion and 9.32%, and Kamurj with more than AMD 5.2 billion and 6.69% follow the National Mortgage Company.

F.I.C.O, Kilikia, Malatia, Credit Corp and Kamurj were singled out for fastest quarterly growth. They showed 87.28%, 75.84%, 44.43%, 26.85% and 19.90% respectively in the second quarter.

Bnakaran Yeritasardnerin, National Mortgage Company and Norvik were distinguished for their authorized capital – AMD 15.8 billion, AMD 9.2 billion and more than AMD 5.6 billion respectively.

Thirty three credit organizations operated in Armenia in late June 2013. ($1 – AMD 405.92). —0—0—

spot_img

POPULAR

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img