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Consumer lending by Armenian banks grew by 4% to 532.2 billion drams

21.03.2018 17:24

Consumer lending by Armenian banks grew by 4% to 532.2 billion drams

YEREVAN, March 21. /ARKA/. Consumer lending by Armenian banks at the end of January, 2018 amounted to 532.2 billion drams, an increase of 4% when compared to 2017 December, the Central Bank said. It said consumer loans provided in Armenian national currency, the dram, amounted to 429.6 billion drams, and loans in foreign currency – to the equivalent of 102.6 billion drams.

Consumer lending provided through banking cards constituted 185.5 billion drams (an increase of 0.91%), car loans were worth 5.5 billion drams (a 3.76% decline), loans for the purchase of household appliances totaled 71.4 billion drams (a growth by 0.86%), gold-secured loans - 97.8 billion drams (an increase of 2.6%), other consumer loans - 171.8 billion drams (10.46% growth).

In late 2017, consumer lending by Armenian banks grew by 17.8% to 511.4 billion drams. ($ 1 - 480.26 drams). -0-

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Unibank and Armenia’s Export Insurance Agency to provide affordable loans to small and medium-sized exporters

21.02.2018 12:32

Unibank and Armenia’s Export Insurance Agency to provide affordable loans to small and medium-sized exporters

Unibank and Armenia’s Export Insurance Agency have signed a cooperation agreement today to provide affordable loans to small and medium-sized exporters, starting from 8% annual interest rate

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Government to subsidize loans on intensive gardening

21.12.2017 17:47

Government to subsidize loans on intensive gardening

The government of Armenia has approved today a pilot program designed to subsidize interest rates on loans to be provided to farmers engaged in intensive gardening

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Overdue loans of Armenian banks drop by 6% to 35.3 billion drams

01.12.2017 21:39

Overdue loans of Armenian banks drop by 6% to 35.3 billion drams

The overdue loans of Armenian banks as of October 2017 decreased by 6% from the previous month to 35.3 billion drams, according to numbers, released by the National Statistical Service (NSS)

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EFSD: Armenian growth is driven largely by exports

17.11.2017 17:42

EFSD: Armenian growth is driven largely by exports

The Eurasian Development Bank (EDB) commends Armenia for the positive effect from a set of reforms carried out by its government, Alisher Mirzoyev

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Kamurj joins government program on subsidized loans

09.11.2017 16:30

Kamurj joins government program on subsidized loans

The Kamurj credit organization has joined an Armenian government’s program designed to provide subsidized agricultural loans, the ministry of agriculture said

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Armenian citizens to be allowed to choose currency for repaying loans

25.10.2017 16:17

Armenian citizens to be allowed to choose currency for repaying loans

The Armenian National Assembly passed Wednesday at the second and final reading amendments to the law on residential mortgage lending

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Unibank offers mortgage loans without prepayment

04.10.2017 12:38

Unibank offers mortgage loans without prepayment

Unibank offers mortgage loans without prepayment at primary and secondary markets for acquisition of residential accommodation and premises for business, the press office of the bank reported on Wednesday

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Anelik Bank’s clients may use Idram to repay loans

06.09.2017 18:45

Anelik Bank’s clients may use Idram to repay loans

Anelik Bank said today that its customers may use the Idram payment service’s platforms to pay off their loans online

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Armenian farmers may claim loans at 2 percent rate

02.08.2017 17:27

Armenian farmers may claim loans at 2 percent rate

As part of a project designed to encourage Armenian farmers to switch to drip irrigation, the latter will be able to receive loans at a rate of 2% per annum for a period of three years, the press service of the Ministry of Agriculture said today

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