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Crediting Technologies Gathering Pace In Armenia

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  • Crediting Technologies Gathering Pace In Armenia

    CREDITING TECHNOLOGIES GATHERING PACE IN ARMENIA

    ArmInfo
    2009-03-27 15:11:00

    ArmInfo. Upward trends are observed in the public use of up-to-date
    technologies to get credits and repay financial obligations without
    visiting a credit organization, says the survey by the Norvik Universal
    Credit Organization (UCO) Analytical Department provided to ArmInfo.

    Thus, credit technologies took strong positions in the Armenian
    market yet long ago. Caring for clients, Norvik UCO has fully changed
    over to service at shops and repayment of credits on the principle
    'at will'. 'The number of our clients preferring "credits on-site"
    to buy goods is growing year by year. So, we adopted a decision
    to provide credits on the place. Due to it, out clients will avoid
    troubles connected with registration of documents and will save time',
    Norvik experts say.

    Now our clients have an opportunity to buy goods on credit directly
    at a shop without visiting the credit organization. It is noteworthy
    that the list of the shops and trading points dealing with Norvik and
    providing credits on the place is growing day by day. Both clients
    and shops prefer this service. An application is studied within
    5-10 minutes. As regards repayment of a credit, it is possible via
    Internet, self-service terminals and bank transfers. In early 2008
    public awareness of and trust in this system was rather low, whereas
    the statistical data for Jan 2009 showed that the system has become
    rather popular.

    Norvik experts say there are all the preconditions for active
    growth of demand for crediting and repayment of credits via
    high technologies. Norvik UCO is the Armenian subsidiary of
    Latvian-Icelandic JSC NORVIK BANKA.

    Armenian Central Bank licensed the UCO in July 2006. The organization
    launched activity in September 2006. It has been among leaders in
    the ranking of credit organizations for already the three years.
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