YEREVAN, August 15. /ARKA/. The aggregate net profit of Armenia’s credit organizations for the first half of 2014 amounted to AMD 3798.8 million – a 7% year-on-year growth.
Remarkable is that 27 of the country’s 32 credit organizations ended the first half of the year with profits, and only five – Malatia, SME Investments, Fast Credit, Credit Corp and GARNI INVEST accounted for losses (about AMD 219.6 million).
ARKA News Agency’s analysis shows that Aregak was the biggest profit-gainer among credit organizations. Its 2nd Q 2014 net profit amounted to AMD 748.4 million against AMD 784.628 million in the 2nd Q 2013.
Aregak’s net profit made up 19.7% of Armenian credit organizations’ total net profit.
Bnakaran Yeritasardnerin, with its AMD 718.3 million (a 66% year-on-year growth), was the second largest profit-gainer.
Kamurj, with AMD 474.4 million (16.7% growth) came third in ARKA News Agency’s ranking, National Mortgage Company, with AMD 322.5 million (a 14.5% growth), fourth and Express-Credit, with 299.7 million (a 8% growth) fifth.
Armenian credit organizations’ assets totaled AMD 247.6 billion and liabilities AMD 146.3 billion in late June. Their capital amounted to AMD 101.3 billion. ($1 – AMD 409). —
