Aggregate capital of Armenian credit organizations rises by 46% to 26.2 billion drams

15.02.2010 18:10
Aggregate capital of Armenian credit organizations rises by 46% to 26.2 billion drams

YEREVAN, February 15, /ARKA/. The aggregate capital of Armenian credit organizations amounted to 26.2 billion Drams as of December 31, 2009, rising by 8.2 billion Drams (by 45.7%) from the beginning of the year, according to an ARKA analysis, based on credit organizations’ reports for Q4, 2009.

The largest organization, in terms of capital size, was Aregak, which had 5.1 billion Drams (19.5% of all capital of credit originations).

The list of top five organizations included also the National Mortgage Company with 5 billion Drams (19.08% of the aggregate capital), Norvik -3 billion Drams (11,56%), ACBA Leasing – 2.1 billion Drams (7.92%), Finca – 2 billion Drams (7.63%).

The highest growth rates, in percentage, were reported last year by Pharm Credit Armenia (by 231.8 million Drams), Aregak (by 2.5 billion Drams), Express Credit (by 591.5 million Drams), Finca ( by 801.4 million Drams) and Ecumenical Church Fund (by 74.4 million Drams). There are 27 credit organizations in Armenia with 59 branches. ($1 – 381.26 Drams). -0-


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