Mon, 9 February
3.1 C
Yerevan
USD: 377.70 RUB: 4.91 EUR: 445.38 GEL: 140.39 GBP: 512.84

Assets of Armenia’s credit organizations increased by 6.8% in Jan-June 2016 to AMD 332.5 billion

YEREVAN, August 22. /ARKA/. Aggregate assets of Armenia’s credit organizations grew 6.8% in Jan-June 2016, compared with the same period a year earlier, to AMD 332.5 billion.

ARKA News Agency’s analysis shows that in Jan-June 2016 the largest asset-owner among credit organizations was Bnakaran Yeritasardnerin Universal Credit Organization, whose assets have grown 24.4% over the first six months of this year to AMD 79.6 billion. Its share in the aggregate assets of Armenia’s credit organizations was 24%.

The National Mortgage Company is singled out in ARKA News Agency’s ranking as second biggest asset-owner – it has built up its assets by 7.9% since the beginning of the year to AMD 41.7 billion and its share in the total assets was 12.6% in late June.

FINCA Universal Credit Organization came third in ARKA News Agency’s ranking – its assets have shrunk 2.3% to AMD 30.3 billion and made up 9.1% of the total assets of Armenia’s credit organizations.

Fast Credit, with its AMD 18.5 billion, 14.2% growth and 5.6% share, was placed fourth in the ranking and Aregak, with AMD 17.4 billion, 0.3% growth and 5.2% share, fifth.

As many as 32 credit organizations operate in Armenia now. ($1 – AMD 475.30). –0—-

spot_img

POPULAR

First deal in Armenian insurance market: Grawe Group and C-Quadrat acquire LIGA Insurance

On January 30, the Central Bank of Armenia approved the acquisition of 100% of the shares of LIGA INSURANCE by the Austrian Grawe Group and C-Quadrat Investment Group.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of February 6, 2026, fell by 0.31 points compared to February 5, to 377.7 drams.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Board of the Central Bank of Armenia left the refinancing rate unchanged at 6.50%

At its meeting on February 3, the Board of the Central Bank of Armenia kept the refinancing rate at 6.50%.

Armenia approves state mortgage support program for army officers

At a meeting on Thursday, the Armenian government approved a state mortgage support program for military officers.

LATEST NEWS

spot_imgspot_imgspot_img