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Tag: Kamurj

Kamurj joins government program on subsidized loans

Banks admin -
The Kamurj credit organization has joined an Armenian government’s program designed to provide subsidized agricultural loans, the ministry of agriculture said

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

Kamurj credit organization unveils new Easy Loan

Economy admin -
Kamurj credit organization has unveiled today a new consumer "Easy Loan", saying it can be issued in 19 minutes. The loan amount is 150,000, 400,000 or 750,000 drams

Kamurj provided 850 million drams worth loans in 2016 as part of KfW program

Loans admin -
Kamurj (Bridge) universal credit organization said today it had joined two agricultural credit programs of the German bank KFW at the end of 2015, having also received an opportunity to cooperate with the international financial consulting company BFC as part of those programs

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

Kamurj credit organization’s loan portfolio reaches 12 billion drams

Economy admin -
The credit portfolio of Kamurj (Bridge) Armenian universal credit organization has amounted to 12 billion drams. In 2016 the organization released 9.7 billion drams worth loans

Kamurj closes 2015 with 300 million profit

Loans admin -
‘Kamurj’ universal credit organization said today it had closed 2015 with a profit of 370 million drams. It said also its assets stood at 15.6 billion drams at the end of last year and its loan portfolio was worth about 12 billion drams

Kamurj in cooperation with Habitat for Humanity Armenia offers “warming” loans

Loans admin -
Kamurj universal credit organization in cooperation with "Habitat for Humanity Armenia" foundation started offering "Warming" loans to customers in Gegharkunik, Shirak and Syunik regions, aimed at promoting the use of solar water heaters

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

Loans admin -
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

Kamurj credit organization’s head elected MFN board member

Economy admin -
Armenian Kamurj credit organization said today in a press release that its director Gagik Vardanyan has been elected as a board member of MicroFinance Network (MFN) to represent the Eastern European countries

Kamurj universal credit organization signs AMD one billion agreement with Asian Development Bank

Loans admin -
Kamurj universal credit organization said today it has signed a loan agreement with the Asian Development Bank worth about one billion drams, repayable in 5 years

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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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