LIABILITIES OF CREDIT ORGNAIZATION IN ARMENIA DECREASE BY 5.3%
YEREVAN, JULY 7. ARMINFO. Total liabilities of credit orgnaization in
Armenia decreased by 5.3% in the second half of 2004, totaling 1.3 bln
drams on July 1, 2004, the CB press-service told ARMINFO.
According to the submitted data, in the structure of total liabilities
of credit orgnaizations, only fixed liabilities of natural persons
grew (21.5%), totaling 223.6 mln drams. Fixed liabilities of legal
entities decreased by 13.9%, totaling 811.4 mln drams. The paid
interests decreased by 41.8%, totaling 8.4 mln drams. Other
liabilities suffered a 5.3% decline, totaling 232.3 mln drams.
According to data of the CB, by July 1, 2004, 7 credit orgnaizations
and 1 branch operated in the territory of Armenia. At the same time,
Express-Universal, SEF-International and Gladzor are universal credit
orgnaizations, ACBA-Leasing and Agrileasing – leasing orgnaizations,
Arfin – credit union and “First Mortgage Company” – mortgage credit
orgnaization.