Monday, August 2 2010 18:38

In Q2 2010 credits of Armenia's credit organizations grew by 7% to $209mln


ArmInfo. In Q2 2010 the credits of Armenia's credit organizations grew by 7% to 73.1bln AMD or $209mln - 88.1% of the total assets.

The press service of the Central Bank of Armenia reports that crediting of industry grew by 27.5% to 4.3bln AMD or $11.9mln, financial sector - by 16.7% to 21.7bln AMD or $60mln, agriculture - by 10.3% to 13bln AMD or $35.6mln, trade - by 8.6% to 10.4bln AMD or $28.6mln. Crediting of construction declined by 7.2% to 5.8bln AMD or $16mln, consumers - by 4.4% to 3.9bln AMD or $10.8mln, transport and communication - by 2.2% to 2.2bln AMD or $6mln.

Risk classified credits and receivables grew by 3.7% to 76.5bln AMD or $218.3mln. Prime loans totalled 76.6ln AMD or $210.3mln (96.3% of total credit portfolio), controlled loans - 1.8bln AMD or $5mln (2.3%), nonprime loans - 670.1mln AMD or $1.8mln (0.8%), dubious loans - 429.2mln AMD or 0.5%.

As of July 1 2010 there were 29 credit organizations with 60 branches in Armenia.
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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
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
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