Thursday, January 14 2010 15:44

National Mortgage Company (NMC) expecting capital provision by Central Bank in 2010


ArmInfo. National Mortgage Company (NMC) expecting 5 billion drams statutory capital provision by its shareholder Central Bank in 2010, Mher Yedigaryan, Executive Office of NMC Universal Loan Company (ULC), told ArmInfo.

"This is not the final amount. The CB will determine the amount of provision later," he said. Yedigaryan outlined that the company's statutory capital is 5 billion drams. NMC ULC was registered and licensed by its shareholder Central Bank of Armenia on June 16 2009.