YEREVAN, November 3. \/ARKA\/. Armenian credit organizations\u2019 assets reached AMD 78.3 billion by September 30, 2009, after growing 9.1% over the third quarter, the Central Bank of Armenia reports. <\/p>\n
Credit organizations\u2019 cash totaled AMD 238.7 million after growing 44.8% from the beginning of the quarter, and aggregate current accounts have grown 216.6% over the quarter to AMD 6515.8 million.<\/p>\n
According to the central bank\u2019s quarterly review of credit organizations\u2019 activities, the organizations lent AMD 13.4 billion to legal entities in the 3rd Q 2009 – 32.8% reduction. <\/p>\n
Loans for individuals shrank 5.5% to AMD 30.9 billion. <\/p>\n
Credit organizations also showed reduction in leasing and factoring \u2013 0.5% to AMD 5.5 billion. <\/p>\n
They lent AMD 924.9 million to related persons \u2013 70.9% growth.<\/p>\n
Liabilities to banks and other financial organizations grew 99.1% to AMD 17.6 billion. <\/p>\n
Other assets totaled AMD 1202.8 million by late September after growing 41.2%. <\/p>\n
Credit organizations\u2019 aggregate reserves for covering possible losses on assets reduced 8.4% to AMD 1406.5 million.<\/p>\n
Fixed assets grew 3.7% reaching AMD 1135.6 million. <\/p>\n
Interest proceeds amounted to AMD 482.5 million. <\/p>\n
Armenia has 27 credit organizations and 53 branches. ($1 = AMD 385.29). -0–<\/p>\n","protected":false},"excerpt":{"rendered":"
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