The Armenian dram continues to devalue and the economic situation is difficult, Edgar Karapetyan, director for strategy and innovation at Galaxy Group of Companies, wrote on his Facebook page. He said the US dollar is already trading at 520-525 drams

Categories: 121, 151, General news, Loan organizations, News, News of the hour | Comments Off on Armenian dram keeps on losing its value

Tags: Armenia, DRAM

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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

Categories: 121, 90, General news, Loan organizations, News, News of the hour | Comments Off on Minister denies rumors that he owns credit organization

Tags: Armenia, Credit Organization

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Credit organizations in Armenia will award credit holidays to those borrowers who have volunteered or were called up to the armed forces for the entire period of marshal law, declared after the large-scale offensive by Azerbaijan against Nagorno-Karabakh, the Union of Credit Organizations said in a statement today

Categories: 121, 90, General news, Loan organizations, News, News of the hour | Comments Off on Armenian credit organizations award credit holidays to borrowers who volunteered to defend Karabakh

Tags: Armenia, BORROWERS, credit holidays, CREDIT ORGANIZATIONS, Karabakh, volunteer

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Armenia’s Investigative Committee has accused today the head of Mega Credit organization and some of his subordinates of embezzlement and fraud, asking all those citizens who may have suffered from their fraudulent scheme to contact it

Categories: 121, 90, General news, Loan organizations, News, News of the hour | Comments Off on Head of credit organization and his subordinates accused of fraud and embezzlement

Tags: embezzlement, fraud, Mega Credit

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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

Categories: 121, 90, General news, Loan organizations, News, News of the hour | Comments Off on Armenian central bank strips Varks AM credit organization of license

Tags: Armenia, Central Bank, Credit Organization, license, Varks.am

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YEREVAN, September 11. /ARKA/. Fraudsters stole 20 million drams from a credit organization in Yerevan. the Armenian police said. According to the police, a group of people received from the organization about 20 million drams placing as collateral vehicles registered in the names of other persons (not owners). The police said that the cars were […]

Categories: 121, 90, General news, Loan organizations, News | Comments Off on Fraudsters stole 20 million drams from credit organization in Yerevan

Tags: Armenia, Credit Organization, DRAM

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Armenia’s National Mortgage Company Universal Credit Organization has refinanced some 11,000 loans over one decade of its presence at Armenia’s market, of which 7,400 have been provided for acquisition of housing, and the remaining loans for repair and construction of detached houses, National Mortgage Company UCO Executive Director Edmond Vardumyan said in an exclusive interview with ARKA News Agency.

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Tags: LOANS, NATIONAL MORTGAGE COMPANY, refinance

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Armenia’s Investigative Committee reported Monday about completion of the criminal case over a 52-year-old man, who had taken a loan by submitting false papers of a contract serviceman

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Tags: forged papers, LOAN

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Out of 38 credit organizations operating in Armenia, 31 were profitable in the first quarter of 2019

Categories: General news, Loan organizations, News, News of the hour, Ratings | Comments Off on Armenian credit organizations earn 20.4 billion drams in net profit

Tags: Armenia, CREDIT ORGANIZATIONS

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ARKA news agency has released its economic and financial bulletin “Credit Organizations of Armenia” for the first quarter of 2019. The bulletin is compiled based on officially published financial reports of credit organizations (CO)

Categories: General news, Loan organizations, News, News of the hour | Comments Off on Arka news agency releases bulletin “Credit Organizations of Armenia” for first quarter of 2019

Tags: ARKA, Armenia, bulletin, CREDIT ORGANIZATIONS

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