Kamurj credit organization provided 344 million drams in preferential loans to border regions

YEREVAN, March 17. /ARKA/. The universal credit organization Kamurj (Bridge) said today that in 2016 it provided more than 344 million drams in preferential loans to 405 borrowers in border communities.

The credit organization has been providing loans to border communities on preferential terms for three years already. In particular, 30 border communities in Tavush and Vayots Dzor provinces enjoy almost all types of loans of the organization without having to pay processing and servicing fees.

“As a socially responsible company, Kamurj has always aimed at helping improve the social and economic situation of vulnerable groups of the population. The residents of the border areas of Armenia are one of the most important guarantors of the security and all of us should do everything in our power to help them,” the organization said in a press release.

“We will continue to help the population of the border areas to develop their communities,” the press release said.

Kamurj is one of the largest credit organizations operating in Armenia. It was founded by a charitable foundation for the development of small businesses in 2010. In February 2012 it was reorganized to Kamurj cjsc. ($ 1 – 483.95 drams). -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

Armenian dram strengthens against US dollar and weakens against euro and ruble

YEREVAN, August 21. /ARKA/. The average market exchange rate of the US dollar to the Armenian dram on the Armenian foreign exchange market on August 21, 2026, fell by 0.1 point to 365.16 drams compared to August 20.

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

LATEST NEWS

spot_imgspot_imgspot_img