YEREVAN, December 21. /ARKA/. Armenian credit organizations’ total capital reached AMD 23.3 billion by late September after growing 29.2% or by AMD 5.3 billion since the beginning of this year.

ARKA News Agency’s analysis shows that National Mortgage Company is the leader among Armenian credit organizations for its AMD 5 billion capital.
The National Mortgage Company started functioning on June 16, 2009.

The company cooperates with ten banks and two credit organizations.

The company’s refinanced mortgage loans total AMD 2 billion, and their number is 300.

The National Mortgage Company’s share in Armenian credit organizations’ total capital is 21.44%.

Aregak (AMD 4.7 billion and 20.33% share), Norvik (AMD 2.6 billion and 10.95%), FINCA (AMD 1.94 billion and 8.33%), AGBA Leasing (AMD 1.86 billion and 7.97%) are singled out for their large capital.

Aregak has built up its capital 77.45% or by AMD 2.1 billion over these nine months, FINCA has enlarged its capital 61.33% or by AMD 737.4 million and Ecumenical Church Loan Fund 43.63% or by AMD 77.6 million.

Twenty five universal credit organizations with their 57 branches function in Armenia now. ($1 = AMD 375.14).–0—