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    NORVIK UNIVERSAL CREDIT ORGANIZATION
    Closed Joint-Stock Company

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About us
In September 2006 a new Credit Company Norvik UCO cjsc which is the daughter organization of Latvia-Iceland Norvik Banka started crediting activities in Armenia.
“Norvik” UCO cjsc was registered and licensed by the Central Bank of Armenia in July of 2006 with an authorized capital of USD 500 000 and started crediting activities at theend of 2006 with an increased authorized capital of USD 1,7 million.
more

In current conditions of high
competition, companies are
trying to build up firm market
positions and need the support
of a reliable financial partner,
who can offer favorable services
and credit conditions for
effective development and future
business planning...

In current conditions of high competition, companies are trying to build up firm market positions and need the support of a reliable financial partner, who can offer favorable services and credit conditions for effective development and future business planning...

If you need a loan for business development, including expansion of circulating funds, you don’t have to look for banks to credit you. All you need to do is, contact us and we will do the rest; we will analyze the structure of your business and will determine the maximum possible terms and conditions for your credit. Norvik UCO conducts a well defined mutually beneficial cooperating policy with representatives of business sphere, by constantly improving the complex of provided services and optimizing the tariff policy.


Norvik Credit Advantages

  • Individual approach to every customer
  • Confidentiality
  • Optimal financing structure
  • Notary services
  • No penalties in case of early loan disbursement
  • Quick real estate assessment
  • Favorable loan repayment terms (up to 5 years)


Additional costs

  • Real estate assessment is carried out by an independent assessing organization
  • Real estate insurance
  • Notary services


Necessary documents

  • Bookkeeper’s record and financial statements
  • Summary of payable taxes
  • Reference on liabilities from serving bank
  • Reference on account flows from serving bank
  • Licenses (for the licensed activities)
  • Copy of CEO’s and Chief accountant’s passports and social cards
  • Ownership certificate on place of activities (Lease contract)
  • The list on Creditors and Borrowers, also the list of fixed funds
  • The commitment of General Meeting of “Norvik” UCO related to pledging and crediting
  • The ownership certificate of pledged real estate
  • Agreements with consumers and suppliers
  • Reference from Taxing authorities and Pension funds on taxing liabilities
  • Reference from State register on shareholders structure
  • Reference from Tax Register on liabilities
  • Copy of State register certificate, CEO inset, tax code, Charter


Credit terms
Loan amount Starting from 20,000 USD
Loan maturity from 3 up to 5 years
Interest rate 12-16%

The interest rate is determined individually considering

  • Loan maturity
  • Currency (AMD, USD)
  • Positive credit history
Commission fee 0,5-1% of the granted amount, minimum 100 000 AMD
Last Update : 13.07.2010 17:22
Armenia, 0001, Yerevan, Khanjyan St. 41
Phone (374-10)547789, 522787, 522334
Fax: (374-10)545717
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