INECOBANK INCLUDED IN LIST OF 50 BEST MICROFINANCE ORGANIZATIONS

PanARMENIAN.Net
16.01.2008 18:10 GMT+04:00

/PanARMENIAN.Net/ Ranking 26, Armenia’s Inecobank entered the list
of top 50 microfinance institutions of the world, prepared by the
Microfinance Information Exchange under the direction of Forbes
magazine, Inecobank told PanARMENIAN.Net.

Forbes’ first-ever list of the World’s Top 50 Microfinance Institutions
were chosen from a field of 641 micro-credit providers. To qualify,
the institutions must have made available their audited financials
and must have passed review by a Forbes panel of advisers.

This sortable table gives the rank (out of 641) for the top
institutions according to scale, which is based on the size of their
gross loan portfolio; efficiency, which considers operating expense
and the cost per borrower as a percent of the gross national income per
capita of their country of operation; risk, which looks at the quality
of their loan portfolios, measured as the percent of the portfolio
at risk greater than 30 days; and return, which is measured as a
combination of return on equity and return on assets. Each category
is equally weighted for an institution’s overall ranking.