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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.
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Regulation

Activities of “Norvik” UCO are regulated by the following laws and regulations:

1. RA Constitution
2. RA Civil Code
3. RA Law “On Credit Organisations”
4. RA Law “On combating money laundering and terrorism financing”
5. RA Law “On consumer crediting”
6. RA Law “On financial system mediator”
7. RA Law “On bankruptcy of banks, credit organizations, investment companies and insurance companies”
8. RA Law “On discussing suggestions, applications and complaints by individuals"
9. RA Law on "Protection of consumers' rights"
10. Procedure for registration and licensing of credit organizations, registration of branches and representative offices of credit organizations, approving the significant portion in the share capital of credit organizations, qualification of the managing staff of credit organizations, Regulation on activities of credit organizations, requirements for place of operation and technical facilities of credit organizations (CBA Regulation 13)
11. Regulation on credit organizations’ activities and economic guidelines thereof (CBA Regulation 14)
12. Reporting by credit organizations, drawing out and publication of the reports (CBA Regulation 15)
13. Cash transactions made by credit organizations operating in the territory of the Republic of Armenia (CBA Regulation 21)
14. Regulation of publishing the information of banks, credit organizations, insurance companies, insurance agents, investment companies, central depository and money transmitters (CBA Regulation 8/03)
15. Minimum requirements and principles concerning the internal legal acts that regulate the process of considering the customers' complaints (CBA Regulation 8/04)
16. Regulation of communication between bank and debtor, creditor and client, the terms and minimum requirements (Regulation 8/05)
17. Establishment of the systemized credit registrar of creditworthiness of customers of banks, credit organizations, branches of foreign banks operating in RA and procedures for there of involvement into the registrar

All the above mentioned laws and regulations can be explored from www.parliament.am and www.arlis.am websites.


Attention!
The Organization is not responsible for authenticity and validity of information and advertising materials placed on the websites of the subject companies as well as for possible consequences of utilizing this information.
Last Update : 28.11.2011 19:31
Armenia, 0002, Yerevan, 12 Saryan st.
Phone (374 10) 544713, 544714, 544715
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