YEREVAN, FEBRUARY 1, NOYAN TAPAN. 21 credit organizations operated in Armenia as of December 31, 2007. According to data of the Central Bank of Armenia (CBA), actual authorized capital of these credit organizations made 10 bln 935 mln 620 thousand drams (over 31 mln 968 thousand USD) as of the indicated date, growing by 30.4% in a year and by 10.7% in the 4th quarter of 2007. The overall balance capital of credit organizations made 12 bln 485 mln 834 thousand drams as of December 31, 2007, growing by 47.6% in a year and by 13.8% in the 4th quarter of 2007. Overall liabilities of Armenian credit organizations amounted to 30 bln 889 mln 496 thousand drams as of December 31, 2007, growing by 154.6% in a year and by 11.6% in the 4th quarter of 2007. The same indices with respect to overall assets made 43 bln 375 mln 330 thousand drams, 110.7% and 12.2%. Standard credits and debts made up 98.2% of the credit organizations' overall credits and bills receivable of a total of 42 bln 405 mln 210 thousand drams as of December 31, 2007. The total amount of credits, deposits, sums provided on leasing and factoring by credit organizations to residents made 39 bln 589 mln 547 thousand drams as of December 31, 2007, increasing by 129.6% in a year and by 12.9% in the 4th quarter of 2007. 4 bln 562 mln 656 thousand drams, which was allocated to industry, grew by 106.8% in a year and by 5.4% in the 4th quarter of 2007; sums of 3 bln 838 mln 987 thousand drams allocated to agriculture grew by 63.1% in a year and by 22.7% in the 4th quarter of 2007; the same indices with respect to construction made 1 bln 883 mln 456 thousand drams, 629.5% and 4.6% respectively; the indices with respect to transport and communication made 1 bln 580 mln 953 thousand drams, 93.6% and 15.1%. Sums allocated by the Armenian credit organizations to the trade sector made 7 bln 481 mln 221 thousand drams, growing by 83.8% in a year, declining by 8.5% in the 4th quarter of 2007. 1 bln 237 mln 561 thousand drams was allocated to the financial sector of the economy, this sum grew by 14.2% in a year and by 81.4% in the 4th quarter of 2007. Consumer credits amounted to 7 bln 62 mln 322 thousand drams, increasing by 132.7% in a year and by 20.2% in the 4th quarter of 2007. The same indices with respect to mortgage crediting made 4 bln 563 mln 706 thousand drams, 187.4% and 13.6% respectively; the same indices with respect to other sectors made 7 bln 378 mln 685 thousand drams, 303.1% and 29.8%. Gross incomes of the credit organizations made 8 bln 929 mln 394 thousand drams as of December 31, 2007 - against 3 bln 400 mln 885 thousand drams as of the same date in 2006. As of the indicated dates, their gross expenditures made 6 bln 694 mln 158 thousand drams and 3 bln 128 mln 229 thousand drams, net and undistributed profits - 1 bln 816 mln 497 thousand drams and 102 mln 972 thousand drams respectively.

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