Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Finca increases its authorized capital to 4.9 billion drams

YEREVAN, June 13. / ARKA /. Finca universal credit organization said it has increased its authorized capital by 414.2 million drams to 4.9 billion drams.

It said the fresh funds came from its sole shareholder -FINCA Microfinance Coöperatief UA. It said also the increase in the authorized capital is due to the improved indicators of capital adequacy. It said another replenishment of the authorized capital is expected in the summer of 2015.

Finca’s assets as of April 1, 2014 stood at 26.2 billion drams, liabilities at 21.4 billion drams, credit investments at more than 23.5 billion drams, and its capital at about 4.8 billion AMD.

In the first quarter it reported a net profit of about 35 million drams, which was 13 percent less than in the first quarter of 2013 ($ 1 – 411.75 drams). .-0-

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img