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

Head of Central Bank allowed for a reduction in loan rates in Armenia, but with a caveat

Interest rates on loans in Armenia may decrease if favorable inflation and geopolitical conditions persist, stated Martin Galstyan, Chairman of the Central Bank of Armenia, on Public Television.

Head of CBA has ruled out excess profits at banks

The idea of ​​excess profits in the Armenian banking system is unfounded, and banks themselves remain one of the most transparent sectors of the country's economy.

Institute of Theater and Cinematography has implemented the latest video editing software

A new stage of development has begun at the Yerevan State Institute of Theater and Cinematography.

Converse Bank and ADB expand access to MSME and sustainable finance in Armenia

Converse Bank and Asian Development Bank (ADB) have signed a financing agreement of up to USD 15 million aimed at expanding access to finance for micro, small, and medium-sized enterprises (MSMEs) in Armenia, including women-led businesses, and promoting sustainable investments.

Business registration is now available at Unibank

Business registration is the first step toward starting your own venture.

LATEST NEWS

spot_imgspot_imgspot_img