Armenian Credit Organizations’ liabilities exceed AMD110.8bln late March

24.05.2013 15:30
Armenian Credit Organizations’ liabilities exceed AMD110.8bln late March

YEREVAN, May 24. /ARKA/. Aggregate liabilities of Armenia’s credit organizations rose by 5.5% or 5.8 billion drams in the first quarter to 110.8 billion drams by the end of March this year.

An analysis by ARKA news agency showed Finca was the leader in the amount of total liabilities among credit organizations in Q1. Its liabilities reached 16.6bln drams by the end of March, an increase of 5.2% over the quarter. Finca accounts for 14.98% of the overall liabilities of Armenian credit organizations.

Four other credit organizations have also recorded high levels of liabilities – National Mortgage Company (over 15.4bln drams and 13.93% of the overall liabilities of credit organizations), Norvik (about 14.3bln drams and 12.92% respectively), ACBA Leasing (over 7.8bln drams and 7%) and SEF International (over 5.8bln drams and 5.27%).

The above five credit organizations account for 54.17% of the aggregate liabilities.
There were 33 credit organizations operating in Armenia as of the end of March 2013. ($1=414.82drams).–0--


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