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UCO “Farm Credit Armenia” Plans In 2012 To Increase Its Credit Portfolio And Leasing Operations To 70%

30.11.2011 14:17

UCO “Farm Credit Armenia” Plans In 2012 To Increase Its Credit Portfolio And Leasing Operations To 70%

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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Armenian Economy Ministry’s UCO Supporting Small And Medium Entrepreneurship

05.09.2011 21:46

Armenian Economy Ministry’s UCO Supporting Small And Medium Entrepreneurship

Financial resources of Armenian Economy Ministry’s Investments in Small and Medium Businesses Universal Credit Organization are being invested very fast and are mostly aimed at solving the problem.

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UCO Norvik profit exceeds $ 3.5 million in half1 2009

26.10.2009 14:02

UCO Norvik profit exceeds $ 3.5 million in half1 2009

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 […]

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