Armenia’s Kamurj posts 140 mln drams in profit at end Q2

YEREVAN, August 3. /ARKA/. Kamurj universal credit organization earned 140 million drams in profit in the second quarter of this year. The company’s net profit has totaled about 350 million drams since the beginning of 2015.

Total assets of Kamurj exceeded 16 billion drams and the number of clients was about 20,000 as of the end of the quarter.

The head of the company’s board Ara Aghayan praised quite a high level of profits in the reporting period despite difficulties in the financial market.

The organization will continue increasing its loan portfolio and assets, while maintaining a low risk level, he said.

Aghayan expressed hopes that 2015, like 17 previous years, will be a profitable year for the company, and that the clients will be satisfied with their products that are getting better from one day to another.

Kamurj UCO is one of the large credit organizations in Armenia. The company was established in February 2012. –0–

spot_img

POPULAR

Ranking of Armenia’s Largest Credit Institutions by Total Capital in H1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total capital for the first half of 2026.

Moody’s Raises Acba Bank Rating Outlook

Moody's, the international rating agency, simultaneously raised the outlook on Armenia's sovereign credit rating and changed the outlook on Acba Bank's Ba3 long-term deposit and issuer ratings from "stable" to "positive."

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

Net inflow of remittances to Armenia from abroad increased approximately 2.3-fold in the first half of the year

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.38 billion in January-June 2026, compared to $587.6 million in January-June 2025, according to a report from the Central Bank of the Republic.

Armenia’s total public debt as of June 2026 amounted to $13.9 billion

Armenia's total public debt as of June 30, 2026, amounted to $13,900.932 million, an increase of $8.476 million compared to May 31, 2026, according to a report by the Statistical Committee of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img