YEREVAN, MAY 6, NOYAN TAPAN. 21 credit institutions with their 40 branches operated in Armenia as of March 31, 2008. According to data of the Central Bank of Armenia (CBA), their actual authorized fund made 11,458,300 thousand drams (over 37 mln 296 thousand USD) on the indicated date, growing by 4.8% in the first quarter of 2008. The overall balance capital of the credit institutions made 13,434,307 thousand drams as of March 31, 2008, increasing by 7.9% in the first quarter. The overall liabilities of Armenian credit institutions made 35,339,991 thousand drams as of March 31, 2008, growing by 14.3% in the first quarter of 2008. The same indices with respect to overall assets made 48,774,298 thousand drams and 12.5% respectively. Standard credits and debts made up 97% of the credit institutions' credits and bills receivable of a total of 46,271,641 thousand drams as of March 31, 2008. The total amount of credits, deposits, as well as sums provided by leasing and factoring by the credit institutions to residents made 44,811,697 thousand drams as of March 31, 2008, growing by 13.2% in the first quarter. Sums provided to industry made 4,610,900 thousand drams (1.1% growth in the first quarter), sums to agriculture - 5,292,911 thousand drams (37.9% growth), to construction - 2,806,102 thousand drams (49% growth), to transport and communication - 2,297,184 thousand drams (45.3% growth). Sums to trade made 8,446,601 thousand drams, growing by 12.9% in the first quarter of 2008. 1,368,917 thousand drams was alloctaed to the financial sector of the economy (10.6% growth), while consumer credits made 7,210,875 thousand drams (2.1% growth). Sums to mortgage crediting made 4,928,883 thousand drams (8% growth), to other sectors - 7,849,324 thousand drams (6.4% growth). The gross incomes of the credit institutions made 3,056,123 thousand drams in the first quarter of 2008. During the indicated period, their gross expenditures amounted to 2,337,917 thousand drams, while net and undistributed profits made 262,496 thousand drams.

---