Monday, February 11 2013 21:54

Assets of Armenian credit companies up 7% to 168.5 bln AMD in Q4 2012


ArmInfo. Over Q4 2012 the total assets of Armenian credit companies grew by 7% to 168.5 bln AMD, or $417.5 mln, the press service of the Central Bank of Armenia (CBA) told ArmInfo.

The source says that the credit companies' funds on the banks' nostro accounts dropped by 35.2% to 3.8 bln AMD ($9.4 mln) over Q4 2012. The receivables from the banks and other financial organizations grew by 8.2% to 44.7 bln AMD ($110.7 mln). The personal loans in the credit companies' loan book amounted to 77.9 bln AMD ($193 mln, 12.2% growth versus Q3 2012). Corporate loans were up 6.5% to 23.5 bln AMD ($58.2 mln). The cash funds dropped by 29.5% to 312.3 mln AMD ($773.8 thsd). The leasing and factoring operations grew by 0.6% to 8.3 bln AMD ($20.6 mln).

As of 1 Jan 2013, there were 32 credit companies and 100 branches in Armenia. There are 28 UCOs, 3 leasing companies and 1 credit union. Four of the UCOs specialize in mortgage lending - First Mortgage Company, Fides, National Mortgage Company, and Affordable Housing for Young Families.
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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
UCO CJSC “FINCA” 2