Yerevan, July 4 /Mediamax/. The authorized capital stock of “Norvik” Universal Credit Organization is planned to be increased for 700mln AMD in the nearest future.

As Mediamax was told in the press service of “Norvik”, at present the authorized capital stock of the organization makes 614mln AMD.

A year ago, on July 4 of 2006, the Board of the Central Bank of Armenia granted a license to “Norvik” Universal Credit Organization.

The number of customers of “Norvik” made 11 thousands in the first half of 2007. The assets of the organization make about $26mln, 98% of which represent credit investments.

The press service of “Norvik” noted that the organization plans to extend the format of its activities in Armenia, gaining a license for realizing banking activities.

Mediamax recalls that “Norvik” is the subsidiary structure of the Latvian-Icelandic АО LATEKO BANKA.

In October of 2006, the President of АО LATEKO BANKA Andrey Svirchenkov stated that “Norvik” plans to annually increase its credit portfolio for $20mln.