Kamurj universal credit organization summed up the results of the 1st quarter of 2018 with positive indicators of about AMD 175 million.

The organization remarked that the loan portfolio increased by more than 4% in the first quarter of 2018, and the assets reached AMD 14.6 billion.

“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 indicators and, in particular, one of the most important indicators concerning profit,” Executive Director of Kamurj Alexander Teryan noted.

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

“Being an organization lending money for agriculture, it is very important for us to continue contributing to the development of small and medium-sized agricultural businesses.

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