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Share Of Norvik's Clients Paying Against Loans Online May Go Up To 2

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  • Share Of Norvik's Clients Paying Against Loans Online May Go Up To 2

    SHARE OF NORVIK'S CLIENTS PAYING AGAINST LOANS ONLINE MAY GO UP TO 20% IN ARMENIA

    ARKA
    May 7, 2009

    YEREVAN, May 7. /ARKA/. The share of clients of Norvik credit
    organization who pay against loans online by cards may increase up
    to 20%. In February, the company gave its clients having ArCa cards
    an opportunity to pay from their cards to ArCa card of Norvik online,
    Norvik PR and Marketing Department reported.

    For this, they need to visit a special self-service system on
    my.norvik.am, input personal data (purpose of payment, agreement
    number, passport number) and select a preferable payment type. Clients
    will also need to register themselves in ArCa system, create a virtual
    card and make a payment to ArCa card of Norvik universal credit
    organization online through ArCa site. On April 1 2009, Norvik signed
    a contract with EDram Armenian online payment system.

    According to the report, number of the company's clients repaying
    loans through Tandem ("cash in") terminals grew by 7.5 times in
    January 2009 against the first half of 2008; the number of clients
    who repay credit through TelCell terminals grew by 4 times.

    These results show that the share of clients paying online will
    of up to 20% of the overall number of clients in the next months,
    Norvik reported.

    According to Norvik specialists, the majority of Armenian credit
    organizations are to transfer to online credit repayment system in
    the near future b earing in mind intense IT growth in Armenia.

    Executive Director of Norvik universal credit organization Tigran
    Bostanjyan said that the innovations are introduced first of all to
    provide more comfortable and simplified service conditions to clients.

    Norvik universal credit organization cjsc was founded in February
    2006 and is Armenian daughter company of Latvian-Icelandic Norvik
    Bank. According to the information of ARKA Agency, the company's
    assets had totaled 21.4bln Drams by the end of March 2009; liabilities
    were 18.04bln Drams and total capital was 3.4bln Drams. Loans and
    other borrowings to clients were 19.1bln Drams in the period; net
    profit after tax amounted to about 401mln Drams in January-March
    2009. ($1=372.79Drams).
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