YEREVAN, May 17, \/ARKA\/. The combined assets of Armenian crediting organizations grew by 14.1% or 12.6 billion drams in the first quarter of 2011 to 102 billion drams, according to an analysis made by ARKA news agency.<\/p>\n
The analysis shows that Norvik crediting organization was the leader by assets size. Its total assets rose by 60.05% in the first three months of 2011 from a year earlier or 6.6 billion drams to 17.7 billion drams. Norvik accounted for 17.1% of the combined assets of all crediting organizations.<\/p>\n
The second largest was the National Mortgage Company, which reported a 25.25% year-on-year rise (2.6 billion Drams) to a total of 12.9 billion drams. Its share in the combined assets was 12.63%. Finka universal crediting organization was third with 11.1 billion drams of total assets which grew in the first quarter of 2011 by 10.45% or 1.1 billion drams. Aregak universal crediting organization\u2019s assets grew by 4.04% or 412 million drams to 10.6 billion drams. It accounted for 10.35% of the combined assets and ACBA Leasing was fifth reporting a 0.86% rise (68.3 million drams) to 8.01 billion. Its share in the combined assets was 7.81%.<\/p>\n
The highest asset growth rate of 60.05% was reported by Norvik universal crediting organization. The assets of Ecumenical Church Fund crediting organization rose by 40.57% or 87.5 million drams to 303.4 million drams and the National Mortgage Company posted a 25.25% rise (2.6 billion drams) to 12.9 billion drams.<\/p>\n
There are 31 crediting organizations in Armenia with 62 branches. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"
The combined assets of Armenian crediting organizations grew by 14.1% or 12.6 billion drams in the first quarter of 2011 to 102 billion drams.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12202,9216],"tags":[15837,15763,12692,466],"class_list":{"0":"post-23178","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-loan-organizations","7":"category-news","8":"tag-armenia-2","9":"tag-assets-2","10":"tag-crediting-organizations","11":"tag-466"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/23178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=23178"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/23178\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=23178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=23178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=23178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}