Sun, 19 October
12.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Aggregate share capital of 34 credit organizations in Armenia grew by 34.7% to 184.9 billion drams

YEREVAN, February 20. /ARKA/. The aggregate share capital of 34 universal credit organizations operating in Armenia amounted to 184.9 billion drams in late 2016, having grown by 34.7% from the previous year, according to an ARKA news agency’s analysis.

The leading credit organization by size of share capital was Bnakaran Yeritasardnerin, whose share increased by 42.3% over the previous year to 93.5 billion drams. The National Mortgage Company with 23.4 billion dram share capital was second. It increased by about 150% compared to the previous year.

It was followed by Aregak credit organization with 15.6 billion dram worth share capital, which grew by 10.4%. Export Finance was fourth with about 8.3 billion dram worth share capital (a growth by 32 times), and Finca was fifth with 6.2 billion drams (an 11.1% growth). ($ 1 – 486.74 drams). -0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

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.

LATEST NEWS

spot_imgspot_imgspot_img