Sun, 27 July
33.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian credit organizations earned last year 6.2 billion drams in net profits

YEREVAN, February 25. / ARKA /. Armenian credit organizations earned last year  6.2 billion drams in net profits, by 7.5% more than in 2012, according to “Credit Organizations of Armenia” bulletin for the IV quarter of 2013, compiled by ARKA.

Incidentally, out of 33 credit organizations 30 ended the year with profit, while three organizations- Finka,  Malatya and Credit Corp – reported a total of 76 million dram losses.

The leading organization by size of net profit was Aregak that earned last year 1.512.9 billion drams, down from 1.564.7 billion drams in 2012. It accounted for 24.5 % of the overall net income of all credit organizations.

It was followed by Bnakaran Yeritasardnerin that earned more than 892.2 million drams (a growth of more than 2.5 times), Kamurj – 688.7 million drams (up 48.2% ), National Mortgage Company – 578.1 million drams (up 26.4 %) and Norvik – 310.5 million drams (down 17.8% ) . ($ 1 – 412.75 drams). -0 –

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

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.

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.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img