YEREVAN, November 22. /ARKA/. The aggregate liabilities of Armenia’s credit organizations tumbled by 1.7 billion drams or 1.7% in the third quarter to over 97.9 billion drams as of September 30,2012.

According to the analyses conducted by ARKA, Norvik universal credit organization is topping the list of the credit institutions with the highest volume of aggregate liabilities. As of September 30, its liabilities dropped by 7.9% in the third quarter to 16.3 billion drams (16.7% share in the total volume of aggregate liabilities).

Some other top credit organizations here are FINCA- nearly 13.7 billion drams (14% share), National Mortgage Company- over 12.6 billion drams (12.9%), AGBA Leasing –over 8.2 billion drams (8.4%), SEF International – over 5.4 billion drams (5.5%).

The aggregate liabilities of these five organizations make up 57.5% of the total liabilities of all credit organizations in Armenia.

As of 30 September 2012, there are 32 credit organizations in Armenia. ($1 – 407.17 drams).—0-