Monday, April 12 2010 12:49

63% growth of crediting volume by Armenia's credit companies


ArmInfo. The volume of crediting by Armenia's credit companies in Jan-Mar 2010, as compared to the similar period of 2009, grew by 63% to 7.5 bln drams. As ACRA National Credit Bureau told ArmInfo, the number of credits provided by credit companies over the 1st quarter of 2009, grew by 42,7% to 13956 credit per year.

As of April 1, 2010, ACRA Credit Bureau had an information of over 2.7 mln repaid and 667,000 current credits issued by the banks and credit companies, as well as the data about 947.8 thsd credit histories (18.3 of which are histories of legal entities and 929.5 - those of individual persons).

To note, there were 27 credit companies functioning in Armenia as of April 1, 2010, 4 of which are leasing companies, 22 - universal credit companies and 1 credit union.

To recall, ACRA Credit Reporting Bureau was created in 2004 by Credential Inc. Its shareholders include Central Bank of Armenia (10% shares), 17 commercial banks, the First Mortgage Company, American Dun & Bradstreet International LTD and other companies. All 22 commercial banks of Armenia and the majority of credit companies use the Company's services.
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Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
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UCO CJSC “FINCA” 1
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