YEREVAN, March 21. /ARKA/. 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. The sole shareholder of the organization is Garik Mushegyan.

As of the end of 2016, the organization’s assets declined by 51% to 459.1 million drams, liabilities slashed by 91% to 38.4 million drams and the capital fell by 21.6% to 420.7 million drams. ($ 1 - 4863.47 drams). -0-