Tue, 1 July
25.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Loan investments, leasing by Armenia’s credit organizations rise to 159.1bln drams

YEREVAN, April 30. /ARKA/. Loan investments and leasing transactions by Armenia’s credit organizations rose to over 179.4 billion drams in the first quarter, an increase of 21.4% compared to Q1 2013, according to ARKA’s “Credit Organizations of Armenia” bulletin for the first quarter.

An analysis by ARKA showed the National Mortgage Company had the largest loan investments in the quarter. Its loan investments, including leasing transactions, reached 24.7 billion drams by the end of March, an increase of 23.8% against the first quarter. The Company accounted for 13.76% of the overall amount of loan investments by Armenia’s credit organizations.

The other four leaders of the top five list were FINCA (about 23.6bln drams, 22.4% increase compared to the beginning of the year) that accounted for 13.13% in overall volume of loan investments, Norvik (over 19.1bln drams, 1.6% increase, share at 10.65%), Aregak (over 14.9bln drams, 18.3% increase, share at 8.31%) and Kamurj (over 11.1bln drams, about 42.1% increase, share at 6.20%).

There were 33 credit organizations operating in Armenia as of the end of March 2013. ($1=413.10drams).  –0–

spot_img

POPULAR

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img