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"Norvik" Plans To Increase Its Authorized Capital Stock For 700mln A

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  • "Norvik" Plans To Increase Its Authorized Capital Stock For 700mln A

    "NORVIK" PLANS TO INCREASE ITS AUTHORIZED CAPITAL STOCK FOR 700MLN AMD

    Mediamax News Agency, Armenia
    July 4 2007

    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 ÀÎ LATEKO BANKA.

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

    --Boundary_(ID_9s7PfU2oeBrZdFXgF0QfIA)--
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