"Kamurj" universal credit organization has summed up the first quarter of 2018 with positive results- with a profit of about 175 million drams.

The organization has informed finagent.am that loan portfolio increased by over 4% in the first quarter of 2018 and the assets reached 14.6 billion drams.

"Summarizing the results of the first quarter we can note that thanks to the consistent work of the company, we have managed to record a steady and substantial increase in all financial indices, in particular, one of the most important indicators - in profit," said Alexander Teryan, Director of "Kamurj" UCO.

According to him, in 2018 the company's policy will be aimed at introducing new types of loans and improving existing loan products.

"Being an agricultural crediting organization, it is very important for us to continue to contribute to the development of small and medium-sized agricultural businesses.

I am confident that we will summarize the year with satisfactory results, as the first quarter showed that our strategy was right, "concluded Alexander Teryan.

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