Yerevan, January 16 /Mediamax/. “Inecobank” entered the list of top 50 microfinance institutions of the world, composed by the Microfinance Information Exchange (MIX) Company on the order of the Forbes Magazine.

As Mediamax was told in the Marketing Department of the bank, in the list, placed in the Forbes web-site, “Inecobank” occupied the 26th position, becoming the only financial organization, representing Armenia.

While composing the list, financial reports of 641 micro-financial organizations were examined. The qualifications of the organizations, which were included in the list, were based also on such indices, as the volume of the general credit portfolio, the efficiency of the activity, the risks and the profitability.

The list of top 50 microfinance institutions is presented at http://www.forbes.com/business/2007/12/20/microfinance-philanthropy-credit-biz-cz_ms_1220microfinance_table.html.