ARKA NEWS AGENCY RELEASES BULLETIN "CREDIT ORGANIZATIONS OF ARMENIA" FOR 3RD QUARTER 2007

ARKA
Nov 5, 2007

YEREVAN, November 5. /ARKA/. The ARKA News Agency has released
a regular issue of the financial and economic bulletin "Credit
organizations of Armenia" for the 3rd quarter of 2007.

This quarterly product is based on officially published reports
of credit organizations. The bulletin has about 25 pages of tables
containing information on credit organizations’ activities and has
12 sections:

1. General description of credit organizations;
2.Assets. 3. Liabilities; 4.

Capital; 5. Profit/Losses. 6. Information on movement of funds;
7. Activity indicators of credit organizations; 8. Capitalization
indicators; 9.

Profitability indicators; 10. Activity aggregates of credit
organizations (summed up). 11. Efficiency aggregates of credit
organizations; 12.

Principal services rendered by credit organizations.

The information contained in the bulletin provides a general picture
of credit organizations’ financial situation and allows of comparative
analysis of their activities.

The product contains technical and methodological commentary. The ARKA
News Agency launched its activities on May 1, 1996. It specializes
in financial and economic information.

Since 1999, the agency has been publishing the quarterly bulletin
"Key indicators of Armenia’s banks". Since March 2005, the agency
has been releasing the bulletin "Credit organizations of Armenia",
and since May 2006 "Financial indicators of banks" based on annual
independent audits.