Tuesday, February 12 2013 18:25

Total capital of Armenian credit companies up 6.1% in Q4 2012


ArmInfo. Over Q4 2012 the total capital of the Armenian credit companies grew by 6.1% to 62.9 bln AMD ($156 mln). In the structure of the total capital the authorized fund was up 5.4% to 48.3 bln AMD ($119.6 mln).

The Central Bank of Armenia reports that the share of foreign capital in the authorized fund dropped by 0.1% to 16 bln AMD ($39.6 mln), and the main reserves rose by 0.1% to 1.5 mln AMD ($3.7 mln).

Over Q4 2012 the net profit of the Armenian credit companies amounted to 553 bln AMD. The accumulated profit totaled 4.6 bln AMD ($11.4 mln), having dropped by 26.7% over Q4 2012.

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