The aggregate capital of 32 crediting organizations operating in Armenia grew 9.2% in 2010 (by 3.242 billion Drams) to 38.4 billion Drams, according to a recent analysis. The leading organization by size of capital was Aregak, whose capital stood at 6.6 billion Drams as of December 31, 2010. It constituted 17.28% of the aggregate capital of all crediting organizations.

The list of top five organizations included also Norvik with a 6 billion Drams capital that made 15.67% of crediting organizations’ aggregate capital, the National Mortgage Company – 5.8 billion Drams and 15.01% respectively, Bnakaran Yeritasardneri -3.6 billion Drams and 9.26% and ACBA Leasing – 2.4 billion Drams and 6.24%. Bnakaran Yeritasardneri crediting organization was launched a year ago.

The largest capital growth rate was reported by Kamurdj organization whose capital rose by a factor of four, Gladzor reported a 93% growth and GFC a 50% rise. By size of authorized capital the leading organizations were the National Mortgage Company -5.5 billion Drams, Bnakaran Yeritasardneri- 3.5 billion Drams and Aregak -3.4 billion Drams. Armenian crediting organizations operate 62 branches.