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Kamurj UCO concludes 2016 with profit

 Monday 06 February 2017
Photo: Kamurj

Kamurj Universal Credit Organization has concluded 2016 with a profit.

The organization informed that the number of borrowers, increased by about 8% compared to the previous year, reaching nearly 20,000, while credit portfolio made almost AMD 12 billion. An approximately AMD 9.7 billion loan was provided in 2016, which has increased by more than 12%  as compared to the previous year.

“Regardless of the fact that 2016 year was full of challenges for the entire financial system, Kamurj UCO, thanks to its consistent work, managed to end the year with a profit and have a growth to some of the important financial indicators.

We plan to work with the same intensity in 2017 also, and provide not only a significant increase in the loan portfolio, but also invest innovative approaches and tools to further enhance customers’ satisfaction with our services,” said Ara Aghayan, Chairman of the Board at Kamurj UCO.

He added that in 2017 the company will complete “implementation of a corporate management system based on the best international practice, combining it with the risk assessment and mitigation system”.

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