YEREVAN, April 30. /ARKA/. Loan investments and leasing transactions by Armenia’s credit organizations rose to over 179.4 billion drams in the first quarter, an increase of 21.4% compared to Q1 2013, according to ARKA’s “Credit Organizations of Armenia” bulletin for the first quarter.

An analysis by ARKA showed the National Mortgage Company had the largest loan investments in the quarter. Its loan investments, including leasing transactions, reached 24.7 billion drams by the end of March, an increase of 23.8% against the first quarter. The Company accounted for 13.76% of the overall amount of loan investments by Armenia’s credit organizations.

The other four leaders of the top five list were FINCA (about 23.6bln drams, 22.4% increase compared to the beginning of the year) that accounted for 13.13% in overall volume of loan investments, Norvik (over 19.1bln drams, 1.6% increase, share at 10.65%), Aregak (over 14.9bln drams, 18.3% increase, share at 8.31%) and Kamurj (over 11.1bln drams, about 42.1% increase, share at 6.20%).

There were 33 credit organizations operating in Armenia as of the end of March 2013. ($1=413.10drams).  –0--