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OVERALL BALANCE CAPITAL OF ARMENIAN CREDIT ORGANIZATIONS GROWS BY
92.6% IN 2006
YEREVAN, JANUARY 30, NOYAN TAPAN. 17 credit organizations with 10
branches operated in Armenia as of December 31, 2006. According to the
Central Bank of Armenia (CBA), the actual authorized fund of these
credit organizations made 8 bln 388 mln 902 thousand drams (about 23
mln 302 thousand USD) and grew by 76.1% in one year and by 24.2% in
the fourth quarter of 2006. The overall balance capital of credit
organizatiosn made 8 bln 456 mln 104 thousand drams as of December 31,
2006, increasing by 92.6% in one year and by 22% in the fourth quarter
of 2006.
As of December 31, 2006, the total amount of liabilities of Armenian
credit organizations made 12 bln 132 mln 726 thousand drams, growing
by 248.5% in one year and by 71.9% in the fourth quarter of 2006. The
indices of overall assets made 20 bln 588 mln 830 thousand drams,
161.6% and 47.2% respectively.
As of the indicated date of 2006, standard credits and bills
receivable made up 97.5% of the credit organizations' total portfolio
of credits and bills receivable of 19 bln 336 mln 953 thousand drams.
The total amount of credits given by credit organizations to
residents, as well as of deposits and sums provided by leasing and
factoring made 17 bln 241 mln 818 thousand drams as of December 31,
2006, growing by 140.5% in one year and by 53.9% in the fourth quarter
of 2006. The sum of 2 bln 206 mln 458 thousand drams provided to
industry increased by 2.8% in one year and by 0.4% in the fourth
quarter of 2006; the same indices with respect to agriculture made 2
bln 353 mln 510 thousand drams, 366,7% and 52.6%; with respect to
construction - 258 mln 170 thousand drams, 32.9% and 44.3%; with
respect to transport and communication - 816 mln 481 thousand drams,
412.6% and 34.1%.
The amount of money provided by Armenian credit organizations to trade
made 4 bln 70 mln 807 thousand drams, growing by 1,043.8% in a year
and by 78.2% in the fourth quarter of 2006; 1 bln 83 mln 590 thousand
drams was given to the financial sector, the 2006 growth made 9.9%,
the growth in the fourth quarter of 2006 - 29.8%. Consumer credits of
3 bln 34 mln 303 thousand drams were provided, the growth made 96.8%
in one year and 71.7% in the fourth quarter of 2006; the same indices
with respect to mortgage crediting made 1 bln 588 mln 74 thousand
drams, 126.9% and 124.6%, with respect to other sectors - 1 bln 830
mln 425 thousand drams, 215.7% and 69.6%.
The total revenues of Armenian credit organizations made 3 bln 414 mln
89 thousand drams as of December 31, 2006, against 1 bln 871 mln 777
thousand drams as of the same day of the previous year. On these dates
the total expenditures made 3 bln 143 mln 235 thousand drams and 1 bln
682 mln 188 thousand drams, the net and undistributed profits made 105
mln 949 thousand drams and 79 mln 877 thousand drams.
92.6% IN 2006
YEREVAN, JANUARY 30, NOYAN TAPAN. 17 credit organizations with 10
branches operated in Armenia as of December 31, 2006. According to the
Central Bank of Armenia (CBA), the actual authorized fund of these
credit organizations made 8 bln 388 mln 902 thousand drams (about 23
mln 302 thousand USD) and grew by 76.1% in one year and by 24.2% in
the fourth quarter of 2006. The overall balance capital of credit
organizatiosn made 8 bln 456 mln 104 thousand drams as of December 31,
2006, increasing by 92.6% in one year and by 22% in the fourth quarter
of 2006.
As of December 31, 2006, the total amount of liabilities of Armenian
credit organizations made 12 bln 132 mln 726 thousand drams, growing
by 248.5% in one year and by 71.9% in the fourth quarter of 2006. The
indices of overall assets made 20 bln 588 mln 830 thousand drams,
161.6% and 47.2% respectively.
As of the indicated date of 2006, standard credits and bills
receivable made up 97.5% of the credit organizations' total portfolio
of credits and bills receivable of 19 bln 336 mln 953 thousand drams.
The total amount of credits given by credit organizations to
residents, as well as of deposits and sums provided by leasing and
factoring made 17 bln 241 mln 818 thousand drams as of December 31,
2006, growing by 140.5% in one year and by 53.9% in the fourth quarter
of 2006. The sum of 2 bln 206 mln 458 thousand drams provided to
industry increased by 2.8% in one year and by 0.4% in the fourth
quarter of 2006; the same indices with respect to agriculture made 2
bln 353 mln 510 thousand drams, 366,7% and 52.6%; with respect to
construction - 258 mln 170 thousand drams, 32.9% and 44.3%; with
respect to transport and communication - 816 mln 481 thousand drams,
412.6% and 34.1%.
The amount of money provided by Armenian credit organizations to trade
made 4 bln 70 mln 807 thousand drams, growing by 1,043.8% in a year
and by 78.2% in the fourth quarter of 2006; 1 bln 83 mln 590 thousand
drams was given to the financial sector, the 2006 growth made 9.9%,
the growth in the fourth quarter of 2006 - 29.8%. Consumer credits of
3 bln 34 mln 303 thousand drams were provided, the growth made 96.8%
in one year and 71.7% in the fourth quarter of 2006; the same indices
with respect to mortgage crediting made 1 bln 588 mln 74 thousand
drams, 126.9% and 124.6%, with respect to other sectors - 1 bln 830
mln 425 thousand drams, 215.7% and 69.6%.
The total revenues of Armenian credit organizations made 3 bln 414 mln
89 thousand drams as of December 31, 2006, against 1 bln 871 mln 777
thousand drams as of the same day of the previous year. On these dates
the total expenditures made 3 bln 143 mln 235 thousand drams and 1 bln
682 mln 188 thousand drams, the net and undistributed profits made 105
mln 949 thousand drams and 79 mln 877 thousand drams.