INECOBANK INCLUDED IN LIST OF 50 BEST MICROFINANCE ORGANIZATIONS

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.

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