YERAVAN, December 6. /ARKA/. Under the “Affordable dwellings for young families” government project, 975 Armenian families have received mortgage loans worth a total of 7bln 320mln drams so far, Armenian minister of finance Vache Gabrielyan said in the parliament Wednesday.

Out of 975, 24 loans worth a total of 162mln drams were repaid ahead of schedule, he said.

The mentioned mortgage loans were extended to 4 families from Aragatsotn region, 48 families from Ararat region, 81 – from Arnavir, 16 – from Gegharkunik, 68 – from Lori, 98 – from Kotayk, 71 – from Shirak, 77 – from Siunik, 5 – from Vayots Dzor, 16 – from Tavush and to 491 families from Yerevan.

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The amount of outstanding mortgage loans issued by Armenia-based banks stood at 123.9 billion drams at the end of October

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Mortgage loans allocated by the commercial banks of Armenia in June jumped by 3.3% to 120.7 billion drams from May, according to the data available on Armenian Central Bank’s website

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Average interest rate on mortgage loans extended by Armenian banks in dollars went 0.4 percentage points

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The volume of mortgage loans provided by Armenia-based 21 commercial banks totaled more than 116.8 billion drams at the end of May, having increased by 2.7% from April

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The average annual interest rate on dollar mortgage loans in Armenia dropped by

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Average annual interest rate on mortgage loans in USD increased by 0.3 in December to 13%.

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Tags: Armenia, LOANS, Mortgage, RATE

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Volumes of the provided mortgage loans by commercial banks of Armenia at the end of January 2011 was 110,3 billion drams.

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The housing question is one of the most fundamental of all social problems of Armenia’s citizens.

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The volume of mortgage loans issued by Armenia-based commercial banks grew by 2% at the end of November against October to 107.6 billion drams.

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Tags: Armenia, GROWS, LENDING BANKS, Mortgage

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