Mon, 9 June
25.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenian credit organizations’ investments last year surged by 21.4 percent to 159.6 billion drams

YEREVAN, February 26. / ARKA /. Armenian credit organizations’ investments surged by 21.4 percent last year to more than 159.6 billion drams, according to ARKA news agency’s “Credit Organizations of Armenia” bulletin for the fourth quarter of 2013.

The leading organization among all 33 organizations in terms of credit investments was the National Mortgage Company, which accounted last year for about 14.96 % of all investments of all credit organizations.

As of December 31, 2013 the company’s credit portfolio stood at about 23.9 billion drams having grown by 24.1 percent from the previous year.

The top five organizations in terms of credit investments also included Finka – about 22.5 billion drams, an increase of 28.7% (it accounted for 14.06% of all credit investments), Norvik – more than 15.7 billion drams , down 0.1% ( 9.87% ) , Aregak – about 13.6 billion drams , an increase of 20.5% (8.52 %) and Kamurj – more than 10.2 billion drams , an increase of 48 7% ( 6.42 %). ($ 1 – 412.73 drams). -0-

spot_img

POPULAR

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Euro exchange rate increases by 0.87 points to 433.28 AMD

The average market exchange rate of the U.S. dollar to the Armenian dram on April 10, 2025, decreased by 0.7 points compared to April 9 and amounted to AMD 391.08.

Converse Bank Joins the Asian Development Bank’s Green Finance Commitment

Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

LATEST NEWS

spot_imgspot_imgspot_img