First quarter net income of Armenia’s credit organizations tumble 30.4% to amd 1.9 bln

08.06.2012 16:06
First quarter net income of Armenia’s credit organizations tumble 30.4% to amd 1.9 bln

YEREVAN, June 8. /ARKA/. Net income of Armenia’s credit organizations dropped by 30.4% to nearly 1.9 billion drams in the first quarter of 2012 from the analogical period a year earlier.

According to the analysis compiled by ARKA news agency, the largest net income was obtained by Aregak company, that earned nearly 432.3 million drams against 341.7 million drams from the first quarter of 2011. Aregak’s profit made up 23.3% of the total net income of all organizations.

The list of the leaders by net income among the credit organizations also includes: FINCA- nearly 316.1 million drams (17.1% of total net income), Kamurj – about 232.1 million drams ( 12.5%), Norvik- around 213.1 million drams (11.5%) and National Mortgage Company- 111.6 million drams (0.6%).

As of March 31 there are 32 credit organizations in Armenia. ($1- 413.24 drams). —0—


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