YEREVAN, October 15. / ARKA /. Armenia’s Central Bank said today it allowed Norvik universal credit organization to shut down and terminate operation. The regulator also revoked the organization’s license.

According to a Norvik press release, the reason behind the termination is a strategic change made in the decision of its sole shareholder - Norvik Bank.

"At the moment the company is in the process of shutting down that will last from six months to one year", the press release said.

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Norvik Universal Credit Organization intends to start offering new products on Armenian market in the first quarter of 2010.

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Exclusive interview with board member of the credit institution Norvik Tigran Bostanjyan ARKA News Agency – What are the main financial indicators of the credit institution for January-September 2009, and what are the dynamics of growth in comparison with 2008? T. Bostanjyan – Organization Norvik began its operations in 2006 and currently occupies a leading […]

Categories: Interviews, News | Comments Off on UCO Norvik profit exceeds $ 3.5 million in half1 2009

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