Loan investments, leasing by Armenia’s Credit Organizations rise to 159.1bln drams

19.11.2013 14:50
Loan investments, leasing by Armenia’s Credit Organizations rise to 159.1bln drams

YEREVAN, November 19. /ARKA/. Loan investments and leasing transactions by Armenia’s credit organizations rose to 159.1 billion drams as of the end of September, an increase of 19.3 billion drams or 13.8% compared to end of 2012 level.

An analysis by ARKA showed the National Mortgage Company is the leader in the amount of loan investments in the third quarter. Its loan investments, including leasing transactions, exceeded 22.5 billion drams by the end of September, an increase of 17.4% against the beginning of the year. The Company accounted for 14.2% of the overall amount of loan investments by Armenia’s credit organizations.

The other four leaders of the top five list were Finca (19.7bln drams, 13.2% increase compared to the beginning of the year) that accounted for 12.41% in overall volume of loan investments, Norvik (about 18.8bln drams, 7.3% increase, share at 11.87%), Aregak (13.4bln drams, 18.8% increase, share at 8.42%) and Bnakaran Yeritasardnerin (over 8.2bln drams, 20.1% increase, share at 5.16%).
There were 33 credit organizations operating in Armenia as of the end of September 2013. ($1=404.80drams).–0—


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