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-
