YEREVAN, February 13. /ARKA/. Armenian credit organizations’ assets totaled AMD 209.8 billion in late 2013 after growing 24.5% over the year, according to the central bank’s review of credit organizations’ activities in the fourth quarter of 2013.
Cash at the credit organizations grew 2.7 times in 2013, compared with 2012, to about AMD 830.4 million, and current accounts’ amount grew 87.2% to AMD 7.06 billion.
Credit organizations’ lending to legal entities grew 1.3% over the fourth quarter to AMD 23.9 billion and lending to individuals grew 27.1% to AMD 99 billion. Leasing and factoring transactions totaled AMD 8.7 billion (4.15% growth). Loans to the personnel and affiliated entities grew 18.9% to AMD 4.2 billion.
Claims to banks and other financial organizations amounted to more than AMD 58.7 billion (31.4% growth).
Other assets were built up by 0.9% to AMD 5.8 billion. The interests gained over the mentioned period exceeded AMD 1.63 billion (37% growth).
Thirty three credit organizations functioned in Armenia in late December 2013. According to the central bank’s figures, their aggregate capital amounted to AMD 77.6 billion in late December 2013 after growing 23.4% over the year and their profits totaled AMD 5.7 billion after growing 19.5%. ($1 – AMD 412.50). -0—
