Aregak Universal Credit Organization CJSC
Name: Aregak Universal Credit Organization CJSC
Shareholders: UMCOR – Armenia Foundation - 100%
Address: Arami street 42/1, Yerevan
Phone: (+374 10) 543 628, 543 629
Fax: (+374 10) 566 526
Url: www.aregak.am
 
History
 
 
In the fall of 1997, United Methodist Committee on Relief (UMCOR) established the AREGAK microfinance program, with a purpose to create economic opportunities for low income people who had no or limited access to the formal financial sources, especially in the remote rural areas. In March of 2006 AREGAK was registered and accredited by the RA Central Bank as a Universal Credit Organization structured as a Closed Joint Stock Company having UMCOR as its Sole Shareholder.Presently “AREGAK” UCO renders a broad range of financial services without compromising the social aspects of its mission and continues initiatives geared toward the fulfillment of its social goals. “AREGAK” UCO has a country-wide branch network throughout the Republic of Armenia and the Republic of Nagorno Karabakh.
 
2015
 
 
 
 
Assets
Liability
General capital
Profit/Loss
I Q II Q III Q IV Q
thousand drams change for quarter (%) annual change (%) system share (%) thousand drams change for quarter (%) annual change (%) system share (%) thousand drams change for quarter (%) annual change (%) system share (%) thousand drams change for quarter (%) annual change (%) system share (%)
 17167822
 5.52
 9.13
 5.84
 17237293
 0.40
 5.94
 5.90
 17010487
 -1.32
 4.55
 5.85
 17335640
 1.91
 6.55
 5.57
 3776254
 17.16
 -9.65
 3.04
 3761000
 -0.40
 16.68
 2.43
 3149725
 -16.25
 -2.28
 2.05
 3064610
 -2.70
 -4.92
 1.74
 13391568
 2.64
 15.93
 10.74
 13476293
 0.63
 3.29
 9.79
 13860762
 2.85
 6.24
 10.13
 14271030
 2.96
 9.38
 10.57
 9555908
 3.74
 23.85
 38.28
 9640633
 0.89
 4.66
 36.67
 10025102
 3.99
 8.83
 35.12
 10435370
 4.09
 13.29
 34.10
Loans to agriculture sector make up about 70% of Aregak universal credit organization’s portfolio 2011-04-20 22:05:07 Loans to agriculture sector make up about 70% of Aregak universal credit organization’s portfolio
Exclusive interview of Aregak UCO Executive Director Mariam Yesayan with ARKA News Agency
UCO “Aregak” has no plans to enter the market of consumers’ crediting2010-03-18 20:46:00 UCO “Aregak” has no plans to enter the market of consumers’ crediting
UCO “Aregak” has no plans to enter the market of consumers’ crediting