YEREVAN, February 13. /ARKA/. Armenian credit organizations’ assets totaled AMD 209.8 billion in late 2013 after growing 24.5% over the year, according to the central bank’s review of credit organizations’ activities in the fourth quarter of 2013.

Cash at the credit organizations grew 2.7 times in 2013, compared with 2012, to about AMD 830.4 million, and current accounts’ amount grew 87.2% to AMD 7.06 billion.

Credit organizations’ lending to legal entities grew 1.3% over the fourth quarter to AMD 23.9 billion and lending to individuals grew 27.1% to AMD 99 billion. Leasing and factoring transactions totaled AMD 8.7 billion (4.15% growth). Loans to the personnel and affiliated entities grew 18.9% to AMD 4.2 billion.

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Tags: AMD, Armenia, CREDITORGANIZATIONS

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Armenia’s thirty-three credit organizations posted 3.5 billion drams in net profits for the second quarter of the year, a 3.5% growth compared to the same period in 2012

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Tags: Armenia, CREDITORGANIZATIONS, DRAMS

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Aggregate liabilities of Armenia’s credit organizations rose by 5.5% or 5.8 billion drams in the first quarter to 110.8 billion drams by the end of March this year

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Tags: AMD, Armenia, CREDITORGANIZATIONS

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Credit organizations in Armenia invested 113.9 billion drams in loans late January 2013 (not counting the accrued interests), which was 0.4% higher from December, according to the monthly news report of the Central Bank

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Tags: Armenia, CREDITORGANIZATIONS, investment

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SME Investments universal credit organization will extend loans to small and medium business worth a total of 3 billion drams in 2013, executive director of the organization Artur Badalyan told journalists Tuesday

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Tags: Armenia, CREDITORGANIZATIONS, SME

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Armenian credit organizations’ aggregate profit AMD 1530.8 million

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Tags: AGGREGATE, Armenia, CREDITORGANIZATIONS

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Armenian credit organizations’ assets reach amd 78.3 billion by late September

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Tags: Armenia, ASSETS, CREDITORGANIZATIONS

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