Tue, 10 June
25.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

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

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

AMX introduces remote membership model, opening doors to international investors

The Armenia Securities Exchange (AMX) and the Central Depository have introduced a Remote Membership model, which is aimed at providing access to foreign investors to the Armenia Securities Exchange, the press service of the exchange reported.

Average settlement exchange rate of dram to dollar in May was 0.3% lower than a year ago

In May 2025, the average settlement exchange rate of the Armenian dram to the US dollar was 386.6 drams, which is 0.3% lower than the same indicator in May 2024 (387.8 drams).

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img