Tuesday, February 12 2013 19:14

Obligations of Armenian credit companies for Q4 2012 up 7.6%


ArmInfo. General obligations of Armenian credit companies for Q4 2012 were up 7.6% to 105.7 bln drams as of Jan 1 2013 ($261.8 mln), the Armenian Central Bank's press-service reported.

Obligations to banks and other financial organizations for Q4 grew 8.8% to 68.5 bln drams ($169.7 mln), time personal liabilities grew 17% to 8 bln drams ($19.8 mln), time corporate liabilities - 3.4% to 27.8 bln drams ($68.9 mln).

Call liabilities also grew for Q4 2012 by 2.1% to 680.8 mln drams ($1.7 mln). Interests paid grew 16.2% to 2.2 bln drams ($5.4 mln). Other liabilities grew 3.3% to 4.4 bln drams ($11 mln). By data of the Central Bank, as of Jan 1 2013 there were 32 credit companies and 100 subsidiaries in the territory of Armenia. The Armenian market encompasses 28 universal credit organizations (UCO), 3 leasing companies and a trade union. Four UCOs are specializing in mortgage: First Mortgage Company, Fides MC, and two state companies - National Mortgage Company and Affordable Housing for Young Families that are engaged in refinancing of mortgage loans.
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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