Varks.am shareholders have decided to increase the registered share capital of Varks.am from AMD 455 to AMD 600 million (the equivalent of approximately EUR 1 million). The increase of share capital will result in larger equity and raise the financial stability of the company. Share capital changes will be registered in the following weeks.
In addition, Varks.am concluded a subordinated loan agreement amounting to EUR 1.5 million. The subordinated loan agreement will stay in place to ensure at least a 15% Equity ratio for Varks.am, ensuring a stable and balanced growth of the company. This…
The first loan originator from Armenia has just joined Mintos! Varks.am is one of the leading alternative lending companies in the country and now offers short-term consumer loans for investment on the Mintos marketplace. Loans from Varks.am are listed in euro (EUR) with expected returns of 13%.
Established in 2016, Varks.am is a universal credit organisation that offers its customers fast and easy access to funds through an effective application process. Clients can receive their loan from the company in cash after applying at one of the 30 branches the company has across Armenia.