Total assets of Armenia’s Credit Organizations hiked to 185.4bln drams in Q1

24.05.2013 13:57
Total assets of Armenia’s Credit Organizations hiked to 185.4bln drams in Q1

YEREVAN, May 24. /ARKA/. Total assets of Armenia’s credits organizations climbed by 34.3% or 47.4 billion drams to nearly 185.4 billion drams by the end of March this year.

An analysis by ARKA news agency showed National Mortgage Company has the largest total assets in the period - over 25.7 billion drams. The total assets of this organization rose by 36.57% or about 6.9bln drams as compared to Q1 2012. The organization accounts for 13.85% of the overall total assets of credit organizations.

The next top four leaders are Finca with total assets of about 21.7bln drams (increase of 32.03% or 5.3bln) and share in overall assets of 11.73%, Norvik (21.49bln drams, increase of 8.56% or 1.7bln, share 11.59%), Bnakaran Yeritasardnerin (about 16.7bln drams, increase of 1.4 times or 9.8bln, share 8.99%) and Aregak (around 13.6bln drams, increase of 11.14% or 1.4bln, share 7.37%).

“G and A” credit organization recorded the highest assets growth rates in the period – 75.67% (by 437.4 mln drams to 1bln drams); so did Kilikia – 63.61% (by 836.8mln drams to 2.1bln drams).
There were 33 credit organizations operating in Armenia as of the end of March 2013. ($1=414.82drams).–0--


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