Credit organizations of Armenia increased lending to 353.5 billion drams in 2017

23.02.2018 18:12
Credit organizations of Armenia increased lending to 353.5 billion drams in 2017

YEREVAN, February 23. /ARKA/. Lending and leasing operations of Armenia-based credit organizations totaled 353.5 billion drams by the end of 2017, an increase of 27% or 74.5 billion drams from the previous years, according to ARKA news agency’s bulletin "Credit Organizations of Armenia" for the 4th quarter of 2017.

According to their quarterly reports, the five leading credit organizations in the fourth quarter were Export Finance, Bnakaran Yeritasardnerin, the National Mortgage Company, Finka and Fast Credit.

The lending by Export Finance amounted to 69.6 billion drams having grown by 56.2% from the previous year. Bnakaran Yeritasardnerin increased its lending by 48.6% to 52.3 billion drams, and National Mortgage Company’s lending grew by 6.1% to 42.3 billion drams.

Lending by Finka dropped by 6% to 23.7 billion drams and Fast Credit’s lending portfolio upped by 25% to 22.6 billion drams.

By the end of 2017, the assets of all 35 credit organizations stood at 480.4 billion drams (an increase of 21.6%), liabilities – at 220.5 billion drams (an increase of 5%), capital – at 259.9 billion drams (an increase of 40%, 5%). ($ 1 - 480.57 drams). -0-


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