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Tag: Credit Organization

Armenian national postal operator to create credit organization

Loans admin -
Armenia's national postal operator Haypost said it is setting up a subsidiary credit organization Post Credit. Haypost said it has applied to the Central Bank of Armenia to get official registration and license for running Post Credit

Minister denies rumors that he owns credit organization

Loans admin -
Armenia's Minister of Labor and Social Affairs Mesrop Arakelyan denied today rumors circulated in the media that he is the owner of a credit organization called Mogo

Armenian central bank strips Varks AM credit organization of license

Loans admin -
The Central Bank of Armenia has announced yesterday the license of Varks AM Credit Organization invalid, the press office of the regulator reported on Wednesday

Fraudsters stole 20 million drams from credit organization in Yerevan

Loans admin -
YEREVAN, September 11. /ARKA/. Fraudsters stole 20 million drams from a credit organization in Yerevan. the Armenian police...

Armenian police detain a man suspected of robbing 3 branches of credit organization in Yerevan

Loans admin -
Police in Yerevan have detained a man who is suspected of robbing three offices of a credit organization in the city

Details of robbery assault on fast credit capital universal credit organization already disclosed

Banks admin -
The police have disclosed details of the robbery assault on Fast Credit Capital Universal Credit Organization CJSC

Masked robber steals 6 million drams from a credit organization in Yerevan

Loans admin -
Armenian police said they are searching for a man who robbed an office of Fast Credit Capital credit organization in Yerevan’s Avan administration district on Monday evening

Armenia’s FINCA Credit Organization to receive $6-million loan and $200,000 in technical assistance grants from ADB

Loans admin -
The Asian Development Bank (ADB) is providing $6 million in loans and $200,000 in technical assistance grants to FINCA, one of the leading credit organizations in the country

Kamurj credit organization offers new loan

Loans admin -
Kamurj credit organization said it offers a new agricultural and business micro loan dubbed "Urgent" and the best terms for already operating microcredits

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

Economy admin -
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

Central bank invalidates F.I.K.O. credit organization’s license

Loans admin -
The Central Bank of Armenia has invalidated today the license awarded to F.I.K.O. credit organization. The credit organization was awarded license No. 232-by the Central Bank in September 2010

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

Loans admin -
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

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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