Sat, 26 July
21.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Total liabilities of armenian credit organizations reach 132.2bln drams in 2013

YEREVAN, February 14. /ARKA/. Total liabilities of Armenia’s credit organizations rose by 25.2% to 132.2 billion drams in 2013 compared to 2012.

The Central bank of Armenia review of credit organizations for the fourth quarter says liabilities to banks and other financial institutions were 78.4 billion drams, a 25.4% increase against 2012.

Time liabilities to individuals rose by 25.6% and exceeded 10 billion drams by the end of December 2013.

Time liabilities to organizations, includes the government, hiked by 29.4% to over 36 billion drams in the period.

Demand liabilities were 877.4 million drams, an increase of 28.9% compared to 2012.

Other liabilities of credit organizations grew by 9.8% to 4.9 billion drams in 2013. Accrued interest amounted to about 2 billion drams, a 7.9% reduction.

There were 33 credit organizations and 126 branches operating in Armenia as of the end of December 2013. According to the Central Bank, total capital of credit organizations was 77.6 billion drams (23.4% year-on-year increase); total assets stood at 209.8 billion drams (24.5% increase) and profits were 5.7bln drams (19.5% increase). ($1=412.30drams).–0—

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img