Thursday, November 10 2011 19:43
30th anniversary issue of Ranking of Credit Companies of Armenia released
ArmInfo. The Financial Analysis Service of the Agency of Rating Marketing Information, whose hard core is ArmInfo News Agency, has released the 30th anniversary issue of its bulletin "Ranking of Credit Companies of Armenia". The analytics of the credit companies' indices, like any other information and analytical product of the Agency, has undergone considerable evolution over 7 years of existence.
"We started analyzing this segment of the financial market in 2004 when there were only 6 operating companies in the market. Now this list consists of 31 companies, including 1 credit union and 3 leasing enterprises", says Karina Melikyan, Head of the Financial and Analytical Service of ArmInfo. According to her, though the credit resources provided to economy and citizens by the credit companies considerably yield to the banking sector, this bulletin is an integral part of another analytical product – "Ranking of Commercial Banks of Armenia", which the Agency started issuing in the mid 90s of XX century.
"We are grateful to our subscribers for their confidence in us, in our modest capabilities to analyze the situation in the market from the point of view of both technical and fundamental analysis. I am sure that alongside with development of the market, its consolidation, and introduction of a great number of financial tools and products, we will continue responding adequately to the analytical requests of our partners and contractors", says Emmanuil Mkrtchyan, Director General of ArmInfo.
To note, in 2011 ArmInfo introduced a new financial and analytical product in the market - "Ranking of the Largest Enterprises of Armenia". The second issue of this bulletin has already been prepared according to the results of activities of the Armenia industrial and trade enterprises over FY 2010.
ArmInfo News Agency celebrated its "de-jure" 10th anniversary in July 2011. However, de-facto ArmInfo is the successor of SNARK News Agency that was founded in April 1991 by a small group of professional journalists. Immediately after its reorganization into ArmInfo, the agency continued extending the sphere of its "information influence."
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