Armenian crediting organizations post 18.7% total capital growth in half one

23.08.2011 12:46
Armenian crediting organizations post 18.7% total capital growth in half one

YEREVAN, August 23. / ARKA /. In the first half of 2011 the total capital of credit organizations in Armenia increased by 18.7% or 7.211 billion drams to about 45.7 billion drams, according to an analysis conducted by ARKA news agency based on their interim financial statements.

The leading organization by size of total capital was the National Mortgage Company. At the end of June 2011 its total capital was about 8.4 billion drams. It accounted for 18.41% of the aggregate capital of all crediting organizations.

The list of five leading organizations included Aregak crediting organizations with about 7.3 billion drams capital which accounted for 15.9% of the total capital of all crediting organizations. Norvik had more than 6.3 billion drams of total capital and accounted for 13.86% of all capital of all crediting organizations, Bnakaran Yeritasardnerin had about 4.6 billion drams of total capital (10.1% respectively) and Kamurj had 2.5 billion drams (5.47% respectively).

During the first half of 2011 the highest capital growth rates were reported by Kamurj (3.5 times), Global Credit ( 94.83%), F.I.K.O. (52.39%). In terms of charter capital the first three leading organizations were the National Mortgage Company (8 billion drams), Norvik (5.6 billion drams) and Bnakaran Yeritasardnerin (4.5 billion drams). There are 31 crediting organizations in Armenia with 65 branches. ($ 1 - 367.02 AMD). -0-


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