All news related to LOANS

Government to subsidize mortgage loans for 500 Armenian military personnel annually

22.08.2019 18:55

Government to subsidize mortgage loans for 500 Armenian military personnel annually

YEREVAN, August 22. /ARКА/. The government of Armenia approved today a draft decision to introduce a scheme for subsidizing mortgage loans of 500 servicemen annually.

"According to the decision, each year, 500 military personnel can become beneficiaries of the program, which provides for mortgage loans of up to 28.5 million drams. Ten percent of this amount is subsidized by the government as down payment," Armenian Defense Minister David Tonoyan said at the Cabinet meeting .

Views: 1512

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Government to subsidize mortgage loans for 500 Armenian military personnel annually

Tags: , , , ,

Read more
National Mortgage Company refinances some 11,000 loans over one decade

16.07.2019 19:16

National Mortgage Company refinances some 11,000 loans over one decade

Armenia’s National Mortgage Company Universal Credit Organization has refinanced some 11,000 loans over one decade of its presence at Armenia’s market, of which 7,400 have been provided for acquisition of housing, and the remaining loans for repair and construction of detached houses, National Mortgage Company UCO Executive Director Edmond Vardumyan said in an exclusive interview with ARKA News Agency.

Views: 2159

Categories: 121, 90, General news, Loan organizations, News, News of the hour | Comments Off on National Mortgage Company refinances some 11,000 loans over one decade

Tags: , ,

Read more
Armenian banks, credit organizations and pawnshops now obliged to indicate real interest rate on consumer loans up to 15 million drams

19.06.2019 18:57

Armenian banks, credit  organizations and pawnshops now obliged to indicate real interest rate on consumer loans up to 15 million drams

Armenia-based commercial banks, credit organizations and pawnshops are now obliged to indicate a real interest rate on loans worth up to 15 million drams in the loan agreements

Views: 2750

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Armenian banks, credit organizations and pawnshops now obliged to indicate real interest rate on consumer loans up to 15 million drams

Tags: , ,

Read more
Interest rates on Armenian banks’ loans tend to decline

11.06.2019 18:45

Interest rates on Armenian banks’ loans tend to decline

Interest rates on Armenia-based commercial banks’ loans show a downward trend, Araratbank Board Chairman Ashot Osipyan told reporters on Tuesday. According to him, in 2018 the rates also decreased, prompted by growing competition

Views: 1030

Categories: Banks @en, General news, News, News of the hour | Comments Off on Interest rates on Armenian banks’ loans tend to decline

Tags: , , ,

Read more
Armenia-based commercial banks provide $900 million worth loans in 2019

11.06.2019 17:27

Armenia-based commercial banks provide $900 million worth loans in 2019

Armenia-based commercial banks have provided $900 million worth loans in 2019, which was instrumental to secure 9.2% growth for the first 4 months of 2019 as opposed to the same time span in 2018

Views: 1026

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenia-based commercial banks provide $900 million worth loans in 2019

Tags: , ,

Read more
Armenian banks’ overall lending grows by 66.1 billion drams in one month

28.03.2019 18:33

Armenian banks’ overall lending grows by 66.1 billion drams in one month

The total amount of loans provided by Armenian banks stood at 3.216.7 trillion drams in late February 2019, having increased by 66.1 billion drams or 2.1% from the previous month, the Central Bank of Armenia said

Views: 1495

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Armenian banks’ overall lending grows by 66.1 billion drams in one month

Tags: , , ,

Read more
Farmers in Armenia may get loans at 3-5% interest rate

14.03.2019 18:13

Farmers in Armenia may get loans at 3-5% interest rate

As part of a government program on subsidizing interest rates, farmers and agricultural cooperatives can get loans at the interest rate of up to 5%

Views: 1259

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Farmers in Armenia may get loans at 3-5% interest rate

Tags: , , ,

Read more
Reserves at Armenia’s banks for possible losses on loans total AMD 147.7 billion in 2018

15.02.2019 16:50

Reserves at Armenia’s banks for possible losses on loans total AMD 147.7 billion in 2018

Reserves at Armenia’s banks for possible losses on loans totaled AMD 147.7 billion in 2018 – 6.12% or AMD 8.5 billion more than in 2017

Views: 1474

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Reserves at Armenia’s banks for possible losses on loans total AMD 147.7 billion in 2018

Tags: , , ,

Read more
Applications for Unibank’s consumer loans increase 18% to 470,000

15.02.2019 12:21

Applications for Unibank’s consumer loans increase 18% to 470,000

In 2018, Unibank’s «credit conveyor» processed more than 470 000 applications for consumer loans

Views: 1123

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Applications for Unibank’s consumer loans increase 18% to 470,000

Tags: , ,

Read more
Mortgage loans by Armenian banks in 2018 grew by 20% year-on-year

08.02.2019 17:14

Mortgage loans by Armenian banks in 2018 grew by 20% year-on-year

Mortgage loans provided by Armenian banks in 2018 exceeded the figures of the previous year by 20%

Views: 1268

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Mortgage loans by Armenian banks in 2018 grew by 20% year-on-year

Tags: , ,

Read more