Armenia’s credit organizations post 3.5 billion drams in net profits for the second quarter

16.08.2013 16:50
Armenia’s credit organizations post 3.5 billion drams in net profits for the second quarter

YEREVAN, August 16. / ARKA /. Armenia’s thirty-three credit organizations posted 3.5 billion drams in net profits for the second quarter of the year, a 3.5% growth compared to the same period in 2012.

According to an ARKA study, the leading organization by size of net profit was Aregak, which earned 784.6 million drams, down from 789.1 billion drams in January-June 2012 (0.6% drop).

Aregak accounted for 22.41% of the combined net profits of all 33 credit organizations in the reporting period of time.

Aregak was followed by Bnakaran Eritasardnerin credit organization, which earned 432.8 million drams in net profits, a three-fold increase from the year earlier. It accounted for 12.4% of the combined net profit of all credit organizations.

Kamurj credit organization came in third with 406.4 million drams of net profit, an increase of 71.6% from the year before. Its share in the combined net profits of all credit organizations was 11.61%. It was followed by the National Mortgage Company - 281.5 million drams, (32.9% rise).

It accounted for 8.04% of the combined net profits. Norvik was fifth with 277.9 million drams, down 45.9% from the year before and 7.94% share in the combined net profits. ($ 1 - 406.68 drams). -0-


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