Wed, 11 March
-2.9 C
Yerevan
USD: 377.41 RUB: 4.79 EUR: 439.27 GEL: 137.62 GBP: 507.62

Kamurj credit organization closed first half with a profit of 90.5 million drams

YEREVAN, July 28. /ARKA/. Kamurj (Bridge) credit organization said today it closed the first half of the year with a profit of 90.5 million drams. The organization’s loan portfolio stood at 11.3 billion drams, assets amounted to 13.1 billion drams, and the number of customers and the number of loans increased by almost 10% each.

Kamurj CEO Alexander Teryan was quoted as saying in a press release that the adopted strategy aimed at diversifying loans has led to the expected result, as evidenced by the significant growth of customers.

He expressed confidence that the credit organization is developing in the right direction, increasing the loan portfolio through diversified borrowers, while maintaining an acceptable level of risk.

At the same time, he added that in the future the organization will continue to introduce new types of loans and ensure a stable growth of indicators.

Kamurj was founded in 2010 by a charitable foundation to help develop microbusinesses. In February 2012 it was reorganized into Kamurj cjsc. ($ 1 – 478.73). -0-

spot_img

POPULAR

Market capitalization increased by 6.53% in February, reaching 478 billion drams – Armenia Securities Exchange

YEREVAN, March 6. /ARKA/. Equity market capitalization increased by...

Mopeds, tricycles, and ATVs in Armenia will be included in the compulsory motor third-party liability insurance (CMTPL) system

At its session on Wednesday, the National Assembly of Armenia adopted amendments to the law "On Compulsory Liability Insurance Arising from the Use of Motor Vehicles" in the first reading.

Euro to Armenian dram exchange rate jumped by 2.59 points: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of March 3, 2026, increased by 0.87 points compared to March 3, reaching 377.86 drams.

EBRD stands ready to support Armenia in implementing reforms and programs

YEREVAN, March 10. /ARKA/. The European Bank for Reconstruction...

Banks in Armenia will refund overcharged fees for cashless POS transactions to businesses

Technical issues and inaccuracies are possible during the initial implementation of the Central Bank of Armenia's Board decision regarding fees for cashless card transactions, the Union of Banks of Armenia (UBA) stated.

LATEST NEWS

spot_imgspot_imgspot_img