Monday, August 6 2012 18:58

Over Q2 2012 assets of Armenia's credit companies up 13.4%


ArmInfo. Over Q2 2012 the total assets of Armenia's credit companies were up 13.4% to 151.1 bln AMD, or $361.5 mln, the press service of the Central Bank of Armenia told ArmInfo.

The source says that the credit companies' funds on the nostro accounts in the banks grew by 13.9% to 6.5 bln AMD ($15 mln) over Q2 2012. The receivables from the banks and other financial organizations were up 14.2% to 37 bln AMD ($88 mln). In the loan portfolio of the credit companies, personal loans amounted to 68.7 bln AMD ($164 mln), with the growth over Q2 2012 being 8.4%. Corporate lending grew by 17.7% to 21.9 bln AMD ($52 mln). Affiliated persons received loans worth 3.4 bln AMD ($8 mln), with the growth over Q2 2012 being more than twofold. Cash funds were up 11.2% to 337.4 mln AMD ($807 thsd) by 1 July 2012. Leasing and factoring operations grew by 12.4% to 7.2 bln AMD ($17 mln).

According to the CBA, as of 1 July 2012 there were 32 credit companies and 86 branches in Armenia.
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