YEREVAN, November 7. /ARKA/. Retained earnings of Armenian credit organizations exceeded 3.8bln drams in the first 9 months of 2012, as compared with 1.2bln drams in 2011, a 3.2 times increase, says the review of the Central Bank of Armenia (CBA) on credit organizations for Q3 2012.

According to the CBA, interest yields of credit organizations were 15bln drams in January-September, while interest expenditures were about 5.3bln drams.

Non-interest income was about 4.5bln drams and non-interest expenses were 7.5bln drams.
Net interest income of credit organizations totaled 9.6bln drams over the reporting period (7.3bln drams in 2011), while net non-interest loss was about 3bln drams against 1.4bln drams in 2011.

Reserve allocations for possible loss were 7.5bln drams and refund from reserve was 5.7bln drams, hence net allocations were 1.8bln drams against 2.1bln drams in 2011.

A total of 32 credit organizations and 90 branch offices were registered in Armenia as of the end of September 2012. ($1=407.30drams). –0--