Kamurj credit organization’s head elected MFN board member

YEREVAN, May 15, /ARKA/. Armenian Kamurj credit organization said today in a press release that its director Gagik Vardanyan has been elected as a board member of MicroFinance Network (MFN) to represent the Eastern European countries.

“For about a quarter of a century the MicroFinance Network (MFN) has been uniting 36 matured microfinance organizations from 31 countries of Latin America, Europe, Africa and Asia, aiming to support the exchange and dissemination of the most exemplary social, legal, innovative and financial management experiences, “ the press release said.

Kamurj” joined the MFN in 2006.

‘I am grateful to the board of MicroFinance Network i for electing me as a member of the board to represent the Eastern European countries. It is a big responsibility,” Gagik Vardanyan is quoted as saying in the press release.

‘Kamurj emphasizes greatly its membership in and cooperation with this organization,’ he added.
Kamurj UCO is one of the large credit organizations in Armenia. The company was established in February 2012. –

spot_img

POPULAR

EDB forecasts inflation in Armenia at 4.4% by the end of 2026

Inflation in Armenia will reach 4.4% year-on-year by the end of 2026, according to the Eurasian Development Bank (EDB).

Deposits in Armenian commercial banks at the end of July amounted to approximately 8.3 trillion drams

Deposits in commercial banks in Armenia at the end of July 2026 amounted to 8,289,634 million drams, compared to 8,070,715 million drams in June. This is according to data from the Statistical Committee of the Republic.

Market capitalization exceeded 356 billion drams in August – Armenia Securities Exchange

Equity market capitalization in August 2026 exceeded 356.2 billion drams, the press service of the Armenia Securities Exchange (AMX) reported.

Why Armenia’s capital market remains bank-driven: 5 insights from Landmark Capital’s CEO 

Gor Gevorgyan assesses Armenia's economy as growing, the country has significant private capital, and the infrastructure and legislative framework for market development as sufficient.

Central Bank of Armenia puts into circulation a commemorative silver coin for the 35th anniversary of the Republic

The Central Bank of Armenia will put into circulation a silver commemorative coin, "35th Anniversary of the Republic of Armenia," on September 14, 2026, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img