Wed, 3 September
27.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Universal credit organizations’ own capital grow by 22 percent

YEREVAN, November 23. /ARKA/. Armenian universal credit organizations’ (UCO) combined own capital in the third quarter of 2016 grew by 22.1% from the beginning of the year to 164.9 billion drams, according to ARKA news agency’s analysis.

The leading UCO by size of own capital in the reporting period was UCO Bnakaran Yeritasardnerin, whose own capital increased by 33.1% in 9 months to 84.4 billion drams. It was followed by UCO National Mortgage Company, whose own capital surged by 18.6% to 19.1 billion drams.

UCO Aregak was third with 15.2 billion drams (6.3% growth), UCO Finca was fourth with about 6 billion drams of own capital (9% growth), and UCO Kamurj was fifth with 5.8 billion drams (1% decline).

In Armenia there are 32 universal credit organizations. ($1 – 479.32 drams). -0-

spot_img

POPULAR

Acba Bank and NABU partner to clean  2 km stretch of Lake Sevan of plastic (VIDEO)

As part of the Clean Future for Lake Sevan initiative, Acba Bank in partnership with the  German Nature And Biodiversity Conservation Union (NABU), is assisting in the cleanup of Armenia's largest water body from plastic and other debris, according to the bank's press service.

Armenia should develop technologically: Eqwefy CEO on economic challenges and new opportunities

The investment environment in Armenia continued to develop over the past year, despite global economic challenges.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

LATEST NEWS

spot_imgspot_imgspot_img