Armenian credit organizations’ investments grew by 21 percent in 2016

17.02.2017 18:34
Armenian credit organizations’ investments grew by 21 percent in 2016

YEREVAN, February 17. /ARKA/. The total volume of credit investments and leasing operations of Armenian credit organizations amounted to about 278.9 billion drams at the end of 2016, an increase of 21.1% if compared to 2015.

According to a ranking of credit organizations by size of credit investments and leasing operations, compiled by ARKA news agency, the five top organizations were Export Finance, the National Mortgage Company, Bnakaran Yeritasardnerin, Finca and Fast Credit, which accounted together for approximately 58.4%, or about 163 billion drams of the total volume of credit investments and leasing operations.

The leader was Export Finance with 44.6 billion drams, a 2.5 fold increase from the previous year. It was followed by the National Mortgage Company with 39.8 billion drams, up from 34.1 billion drams at the end of 2015 (a 17.1% growth).

Bnakaran Yeritasardnerin was third with 35.2 billion drams (an increase of about 1.6 times over the previous year). It was followed by Finca with 25.2 billion drams against 27.5 million drams in 2015 (a decline by 8.4%). And Fast Credit was fifth with 18.1 billion drams, an increase of 20.1% over the previous year.

Out of 34 formally registered credit organizations in Armenia, one organization does not carry out commercial activity. ($ 1 - 486.69 drams). -0-


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