YEREVAN, August 26. /ARKA/. Loan investments and leasing transactions by Armenia’s credit organizations rose to over 182.3 billion drams in the second quarter, an increase of 17.4% compared to Q2 2013, according to ARKA’s “Credit Organizations of Armenia” bulletin for the second quarter.
An analysis by ARKA showed the National Mortgage Company had the largest loan investments in the quarter. Its lending, including leasing transactions, reached 25.3 billion drams by the end of June, an increase of 20.4% against the same quarter of 2013. The company accounted for 13.87% of the overall amount of loan investments by Armenia’s credit organizations.
The other four leaders of the top five list were FINCA (about 24bln drams, 22.1% increase) that accounted for 13.18% in overall volume of loan investments, Norvik (over 15.6bln drams, 18.3% decrease, share at 8.55%), Aregak (over 15.1bln drams, 13.2% increase, share at 8.30%) and Kamurj (over 11.4bln drams, about 36.6% increase, share at 6.23%).
There were 32 credit organizations operating in Armenia as of the end of June 2014. ($1=409.27drams). –0–
