Mon, 7 July
17.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Assets of Armenia’s Kamurj credit organization hike by 48%

YEREVAN, February 27. /ARKA/. Assets of Kamurj universal credit organization rose by 48% during 2014 to 16 billion drams, the company’s press office reported.

The report says the company recorded growth for practically all financial indicators in the period. In particular, the loan portfolio rose by 32%.

Director of Kamurj Gagik Vardanyan said the 2014 financial performance will create a good basis for development in 2015.

Loans from Kamurj have been always known by minimum documents required and flexible repayment schedule for businesses and professional qualities of the staff, Vardanyan said.

Kamurj is one of the biggest credit organizations operating in Armenia. It was founded in February 2012 as a result of re-organizing. Kamurj cjsc was established as non-profit organization, by a benevolent organization supporting microbusiness in 2010. –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank invalidated banking license of Ardshininvestbank due to its merger with Ardshinbank

The Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.

Unibank’s “Haghtanak” branch serves clients from 9:30 am to 7:30 pm

Unibank branch “Haghtanak” has switched to a new operating mode - extended hours. Now clients can receive a full range of banking services from Monday to Friday - from 9:30 am to 7:30 pm.The branch is located at N94, 62 Komitas, Yerevan. 

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

LATEST NEWS

spot_imgspot_imgspot_img