YEREVAN, August 17. /ARKA/. Out of 35 credit organizations operating in Armenia, 32 were profitable in the first half of 2018 with total profit amounting to 24.6 billion drams, according to ARKA news agency’s ranking of the 10 most profitable credit organizations. The other 3 companies reported losses to the tune of 27.6 million drams.

The net profit of all Armenian credit organizations in the first half of 2018 stood at 24.5 billion drams against 22 billion drams in the first half of 2017 (an increase of 11.3%). According to the ranking, five of the most profitable credit organizations were Export - Finance, the First Factoring Company, Bnakaran Yeritasardnerin, Aregak, and the National Mortgage Company.

Export -Finance earned 9.8 billion drams in net profit, down from 14.5 billion drams earned in the first half of 2017. The First Factoring Company’s net profit stood at 4.8 million drams, up from losses 16.4 million drams in the first half of 2017. Bnakaran Yeritasardnerin earned 2.7 billion drams in net profit, up from 2.5 billion drams a year earlier. Aregak’s net profit was 1.3 billion drams (an increase of 4.1%), and the National Mortgage Company earned 934.1 million drams, an increase of 30.2%.

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The overall amount of lending and leasing operations of Armenia-based 35 credit organizations in the first quarter of 2018 amounted to 394.3 billion drams

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Out of 35 credit organizations operating in Armenia, 27 were profitable in the first quarter of 2018 with total profit amounting to 13.5 billion drams, according to ARKA news agency’s ranking of the 10 most profitable credit organizations

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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

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According to a ranking of Armenia’s most profitable credit organizations in 2017 compiled by ARKA news agency, out of 35 credit organizations operating in the country 30 were profitable with a total profit amounting to 51.9 billion drams

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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

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The net profit of all Armenian credit organizations in the first three quarters of 2017 tripled from the same time span of 2016 to 35.4 billion drams, according to Arka news agency

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The amount of lending provided by thirty-four credit organizations, operating in Armenia, in the first six months of 2017

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The aggregate share capital of 34 universal credit organizations operating in Armenia amounted to 184.9 billion drams in late 2016, having grown by 34.7% from the previous year, according to an ARKA news agency’s analysis

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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

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