Friday, January 22 2021 16:52

ArmInfo. The national postal  operator of Armenia, the state-owned company "Haypost" CJSC  (Armpost), is creating a subsidiary credit company "Post Credit". As  noted in the statement of the operator, a corresponding application  has been submitted to the Central Bank of Armenia for registration of  a financial company and licensing.

"Haypost", according to the five-year development strategy developed  by the international consulting company Deloitte, in the near future,  through its subsidiary Post Credit, intends to launch an active  activity in the financial market.

The new credit company will provide affordable financial services in  the country, new approaches to the lending market, and will also  become an important factor in the implementation of the global  program "Armpost" under the slogan "In a village, like in a city".  Subsidiary financial company of "Haypost" will provide new types of  credit services and financial products, "the message says.

According to the source, Post Credit credit company will carry out  activities in the following main areas:  consumer lending and  agricultural lending programs, lending to small and medium-sized  businesses specializing in manufacturing and trade, as well as family  businesses, and loans for the development of renewable energy and  green economy.

The amount of the authorized capital of the new financial company has  not yet been reported.  It should be noted that currently there are  44 credit companies in the financial market of Armenia, 39 of which  are in the status of universal credit organizations (UCO). With the  entry of "Post Credit", the number of UCOs in Armenia will reach 40.

"Haypost" was taken over by the state last year in connection with  the completion of the concession agreement with the "Post Trust"  company, owned by an Argentinean businessman of Armenian origin  Eduardo Eurnekian. Eurnekian's attempt to create on the basis of  "Haypost" CJSC a financial structure in the form of a postal bank for  synergy of postal and financial services was not crowned with  success. Now, most likely, the state will try to implement this  concept in the person of the Ministry of High-Tech Industry of  Armenia, which is in charge of Haypost CJSC.