Armenian credit organizations’ aggregate liabilities reach AMD 56 billion by late march

17.05.2010 20:08
Armenian credit organizations’ aggregate liabilities reach AMD 56 billion by late march

YEREVAN, May 17. /ARKA/. Armenian credit organizations’ aggregate liabilities have grown 12.25% or by AMD 6.1 billion and reached AMD 56 billion by March 31.

ARKA News Agency’s analysis shows that Norvik Universal Credit Organization is the leader among Armenian credit organizations on liabilities.

Its liabilities reached AMD 13.3 billion by late March after growing 7.72% since the beginning of this year.

This organization’s share in Armenian credit organizations’ total liabilities is 23.84%.

Other leaders are Finca with its AMD 8.3 billion (14.84%), Aregak with 6.54 billion (11.7%), AGBA Leasing – AMD 6.46 billion (11.55%) and National Mortgage Company – AMD 3.5 billion (6.26%).

Their aggregate share in Armenian credit organizations’ liabilities is 68.19%.

Some 28 credit organizations with 67 branches functioned in Armenia as of March 31,2010. ($1 = AMD 384.81). -----0—


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