30.11.2011 14:17
YEREVAN, November 30. /ARKA/. UCO “Farm Credit Armenia” plans in 2012 to increase its credit portfolio and leasing operations to 70%, said General Director of Universal Credit Organization (UCO) Armenia Gabrielyan to ARKA News Agency.
As of October 31, 2011 total credit portfolio of Farm Credit Armenia (including leasing) was about 2.3 billion drams, number of implemented transactions – 1.054, and the number of clients as of the reporting date was 890.
Farm Credit Armenia is the only commercial cooperative in financial sphere of the country.
“Our organization provides credits for the development of agriculture and small and medium-sized business only in rural areas. In this sphere not all the banks and credit organizations are working”, said Gabrielyan.
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