Sat, 6 September
22.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

ARKA News Agency presenting Jan-Sept 2016 profit ranking of Armenia’s credit organizations

YEREVAN, November 23. /ARKA/. ARKA News Agency is presenting the Jan-Sept 2016 profit ranking of Armenia’s credit organizations.

According to the ARKA analysis, the aggregate profits earned by all the credit organizations of Armenia in Jan-Sept 2016 amount to AMD 11 723 million showing a 60.3 percent year-on-year growth.

The news agency says 22 of the country’s 32 credit organizations were profitable – their profits totaled AMD 12 621.7 million in Jan-Sept 2016. The remaining nine companies’ losses amounted to AMD 895.6 million in Jan-Sept 2015, while at the same period a year before only five companies sustained losses that amounted to AMD 604.8 million.

Top five profit-gainers in ARKA ranking are Bnakaran Yeritasardnerin, Export Finance, Fast Credit, Aregak and the National Mortgage Company credit organizations.

Their profits totaled AMD 10 586 million and made up about 90.2% of the aggregate profits of Armenia’s credit organizations.

Bnakaran Yeritasardnerin Universal Credit Organization is topping the ranking with its AMD 3 246.2 million gained over the mentioned period and 1.1-time year-on-year growth.

Export Finance Universal Credit Organization, with its AMD 3 157.2 million, is the second biggest profit-gainer in ARKA News Agency’s ranking.

It is followed by Fast Credit Universal Credit Organization, which has gained AMD 1 914.2 million over a period between January and September 2016 showing 1.4-time year-on-year growth.

Aregak Universal Credit Organization came fourth in the ranking – it earned AMD 1 270.6 million in Jan-Sept 2016 of this year against AMD 1 157.1 million in July-Sept 2015.

The National Mortgage Company is rounding out the top five with its AMD 997.7 million, though the company’s profit shrank 23.9% in Jan-Sept 2016, compared with the same period a year earlier.

Finca Universal Credit Organization, which came sixth in the ranking, showed the highest year-on-year growth, while Farm Credit Armenia Universal Credit Organization (the 29th rank) is singled out for the worst decline – AMD 66.6 million losses against AMD 7.6 million one year earlier.

88888

The ranking is based on ARKA News Agency’s bulletin ‘The Credit Organizations of Armenia’. -0—

spot_img

POPULAR

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Acba Bank’s 66th branch launched

Acba Bank has launched its 66th branch, "Homeplex Mall". The branch is open from Monday to Sunday from 09:00 to 24:00 (cash service: 09:00-21:15).

LATEST NEWS

spot_imgspot_imgspot_img