All news related to LOANS

VTB Bank (Armenia) advises clients to apply for loans directly to bank, without mediators

26.09.2018 11:28

VTB Bank (Armenia) advises clients to apply for loans directly to bank, without mediators

YEREVAN, September 26. /ARKA/. VTB Bank (Armenia) advises clients to apply for loans directly to the bank, without mediators.

“Cases of loan formalization trough mediator companies have become frequent in Armenia,” the bank says in a press release. “They, gaining citizens’ confidence and deluding them, promise support in receiving loans referring to cooperation with the bank. Later, providing incorrect information to borrowers, they demand high commissions putting such people in a difficult situation.”

VTB Bank (Armenia) warns clients against dealing with loan-mediating companies and reminds them that it doesn’t use any mediation.

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Unibank reports 20% rise in the volume of provided consumer loans

31.08.2018 14:39

Unibank reports 20% rise in the volume of provided consumer loans

About a third of POS loans in Armenia are provided by Unibank – one of the leaders of the sphere in the country’s market, the Yerevan-based bank said in a press release today

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Armenian banks’ reserves for possible losses on loans grew to 148 billion drams

24.08.2018 18:48

Armenian banks’ reserves for possible losses on loans grew to 148 billion drams

In the first half of 2018 Armenia’s commercial banks increased their reserves for possible losses on loans by 36.7 billion drams or 33.7% to 148 billion drams year-on-year, according to ARKA news agency’s bulletin “Banks of Armenia” for the second quarter of 2018

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Interest rates on loans provided by Armenia-based banks continue to decline

22.08.2018 18:49

Interest rates on loans provided by Armenia-based  banks continue to decline

Interest rates on loans provided by Armenia-based banks continue to decline, updating historical lows, according to the latest data of the Central Bank of Armenia

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Banks' interest rates on short-term loans in Armenia hit their record low in June

20.07.2018 16:26

Banks' interest rates on short-term loans in Armenia hit their record low in June

Banks’ interest rates on short-term loans in Armenia shed in June lower than ever, according to the central bank’s figures

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VTB Bank (Armenia) starts forgiving fines imposed for delays in repayment of consumer loans

06.07.2018 12:38

VTB Bank (Armenia) starts forgiving fines imposed for delays in repayment of consumer loans

VTB Bank (Armenia) has started forgiving the fines imposed on its individual clients for delaying repayment of their consumer loans, the bank’s press office reported on Wednesday

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Shortage of cash assets is the main reason behind high interest rates on loans, prime minister says

13.06.2018 18:11

Shortage of cash assets is the main reason behind high interest rates on loans, prime minister says

The key reason why Armenia-based banks provide loans at high interest rates is the shortage of cash assets, said Prime Minister Nikol Pashinyan in a live broadcast on his Facebook page

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Converse Bank has considerably improved the terms of issuing some loans

16.05.2018 19:07

Converse Bank has considerably improved the terms of issuing some loans

The Yerevan-based Converse Bank has launched a campaign of issuing loans secured with real estate as collateral and credit cards, significantly improving the lending terms

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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

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

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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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