YEREVAN, February 14. /ARKA/. Total capital of Armenia’s credit organizations hiked by 23.4% to 77.6 billion drams in the fourth quarter of 2013, says the Central Bank of Armenia review of credit organizations for Q4.
Actual authorized stock of credit organizations exceeded 60.5 billion drams as of the end of 2013, an increase of 25.3% compared to 2012, according to the review.
Non-residents’ shares in the capital was about 13.8 billion drams, 13.9% reduction from the year before.
Capital reserve of credit organizations amounted to 1.8 billion drams and retained profit was about 5.7 billion drams as of the end of Q4, as compared to 4.6 billion drams at the end of 2012.
There were 33 credit organizations and 126 branches operating in Armenia as of the end of December 2013.
According to the Central Bank, total assets of credit organizations stood at 209.8 billion drams (24.5% year-on-year increase) and profits reached 5.7 billion drams (19.5% increase). ($1=412.30drams). –0—
