At New Year eve “Norvik” UCO CJSC is glad to wish all a happy New Year and is ready to share its plans for 2010.

2009 was the third year for "Norvik" UCO on the Armenian market. As a member of the Board of “Norvik” UCO Tigran Bostanjyan stated in one of his interviews, despite the global financial crisis that affected our country as well, banks and credit organizations in Armenia worked very actively throughout the year and are still seeking to conquer new heights.

As T. Bostanjyan pointed out, “Norvik” UCO managed to resist the economic crisis and overcome without loss all the fluctuations of world economy. Due to the professional work of the organization's staff and a thorough analysis of the requirements of the Armenian market, conducted regularly by the experts of “Norvik” UCO, the organization has managed to keep the leading position among credit organizations in Armenia.

Over the past year, “Norvik” UCO twice presented its work at job fairs, the aim of which was to establish direct contact with potential employees. The organization also continued to ensure the transparency and accessibility of its work for consumers, which was highly appreciated by the Central Bank of Armenia, which awarded “Norvik” UCO with a certificate for the "Best Content and High Availability" in the contest "The Best Information Brochure 2009". In July 2009, “Norvik” celebrated its third anniversary.

As for November 30, 2009 the company's total assets amounted to 15,432,287 thousand AMD, interest income - 2,300,308 thousand AMD, the total capital - 2,956,774 thousand AMD, and regulatory capital - 2,759,380 thousand AMD. Credit investments of “Norvik” UCO amount 11,101,432 thousand AMD (about 72% of total assets).

Regarding plans for 2010, starting with the first quarter of next year “Norvik” UCO will introduce new products on the Armenian market and will resume lending to people and businesses. According to the member of the Board of “Norvik” UCO Tigran Bostanjyan, in the upcoming year the direction of the activities of “Norvik” UCO will change in the direction of corporate lending, while consumer loans will also be directly linked to it. “Norvik” UCO will start working with corporate clients as an investment bank.

The company intends to expand its activities and for this purpose will search for a reliable and reasonable business for lending and supporting it. The possibility of participation of “Norvik” UCO in the capital of such companies is not excluded as well. This will become the first step of “Norvik” UCO toward corporatism.

In these holidays “Norvik” UCO wishes everyone a merry Christmas and New Year, and let the New Year bring only good news and become a year of new creative achievements, successes and victories.

“Norvik” UCO CJSC is a universal credit organization with a charter capital of 166,400 thousand AMD, which was registered and licensed by the Central Bank of the Republic of Armenia in July 2006 and began operations in the end of September 2006.