Armenian credit organizations increase lending by 12.42% to AMD 321.8 billion in Jan-Sept 2017

17.11.2017 17:26
Armenian credit organizations increase lending by 12.42% to AMD 321.8 billion in Jan-Sept 2017

YEREVAN, November 17. /ARKA/. Armenian credit organizations’ credit exposure and leasing transactions has grown 15.42% since the beginning of this year and totaled AMD 321 billion in Jan-Sept 2017, according to ARKA News Agency's bulletin «The Credit Organizations of Armenia» based on the companies' quarterly reports.

Top five credit organizations in ARKA News Agency's ranking are Export Finance, Bnakaran Yeritasardnerin, the National Mortgage Company, FINCA and Fast Credit.

Export Finance, with its AMD 66.7 billion lent in Jan-Sept 2017 and 49.6% growth, is topping the ranking.

Bnakaran Yeritasardnerin has built up its lending by 30.92% to AMD 46 billion, and the National Mortgage Company by 40% to AMD 41.49 billion.

Finstead, FINCA Credit Organization's lending has shrunk 9.8% since the beginning of the year to AMD 22.7 billion.

Fast Credit has increased its loan portfolio by 17.47% to AMD 21.2 billion.

Credit organizations' assts totaled AMD 443.8 billion in late September (12.35% growth) and liabilities AMD 213.2 billion (1.61% growth). Their capital amounted to AMD 230.6 billion (24.5%).
As many as 35 credit organizations operate in Armenia now. --0---


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