All news related to LOANS

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

YEREVAN, June 19, /ARKA/. 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, a parliament member from the Bright Armenia party Maneh Tandilyan wrote in a Facebook post today.

Her post comes after the National Assembly approved in the second and final reading a draft law on consumer lending, which had been proposed by herself.

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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

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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

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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

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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%

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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

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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

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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%

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Loans provided by banks of Armenia exceed AMD 3 trillion in late December 2018

06.02.2019 14:02

Loans provided by banks of Armenia exceed AMD 3 trillion in late December 2018

The loans provided by banks of Armenia totaled AMD 3 128.5 billion in late December 2018

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Unibank extends fine-forgiving campaign

22.01.2019 17:51

Unibank extends fine-forgiving campaign

Unibank has extended the process of forgiving fines and penalties on bad loans, the press office of the bank reported on Tuesday

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