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BALANCE CAPITAl OF ARMENIAN CREDIT INSTITUTIONS GROWS BY 5.1% IN FIRST QUARTER OF 2006
Noyan Tapan
May 04 2006
YEREVAN, MAY 4, NOYAN TAPAN. The overall assets of Armenian credit
institutions increased by 5% in the first quarter of 2006 and made 8
bln 267 mln 886 thousand drams (about 17.7 mln USD). In the period
under review, the actual authorized capital of these institutions
declined by 6.5% to about 4 bln 453.1 mln drams, 2.9 bln drams of
which was the share of nonresidents. This index exceeded by 2.43%
the index registered in late December of last year. According to
the Central Bank of Armenia, the overall balance capital of Armenian
credit institutions grew by 5.1% in the first quarter of 2006, the
time liabilities of legal entities - by 6.6% and the time liabilities
of natural persons - by 15.4%. The total amount of credits provided
to legal entities declined by 4.3% to about 1.88 bln drams, while
credits to natural persons - by 5.1% to 2.89 bln drams.
Noyan Tapan
May 04 2006
YEREVAN, MAY 4, NOYAN TAPAN. The overall assets of Armenian credit
institutions increased by 5% in the first quarter of 2006 and made 8
bln 267 mln 886 thousand drams (about 17.7 mln USD). In the period
under review, the actual authorized capital of these institutions
declined by 6.5% to about 4 bln 453.1 mln drams, 2.9 bln drams of
which was the share of nonresidents. This index exceeded by 2.43%
the index registered in late December of last year. According to
the Central Bank of Armenia, the overall balance capital of Armenian
credit institutions grew by 5.1% in the first quarter of 2006, the
time liabilities of legal entities - by 6.6% and the time liabilities
of natural persons - by 15.4%. The total amount of credits provided
to legal entities declined by 4.3% to about 1.88 bln drams, while
credits to natural persons - by 5.1% to 2.89 bln drams.