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Converse Bank unveils special loan product for purchase of cars from primary market

07.09.2018 09:11

Converse Bank unveils special loan product for purchase of cars from primary market

YEREVAN, September 6. /ARKA/. The Converse Bank has unveiled today a special loan product, it has designed for buyers of cars from the primary market, offering customers more favorable lending terms.

According to a Converse Bank’s press release, as part of the product, it offers loans up to 45 million drams with the repayment period of up to 84 months, the annual nominal interest rate beginning from 11%, and down payment beginning from 10%.

As part of this offer, loan is provided in the shortest possible time. If a customer seeks a loan up to 15 million drams for purchase of a car from the primary market, no vehicle insurance is required. The special offer is valid until December 28, the bank said.

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Inecobank purchases 100% of ProCredit Bank's shares

11.12.2015 10:53

Inecobank purchases 100% of ProCredit Bank's shares

Inecobank has bought 100% of ProCredit Bank, a subsidiary of ProCredit Holding AG & Co. KGa A

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Armenia’s Commercial Banks purchase over $77.2 mln at intra-banking forex market last week

11.11.2013 13:55

Armenia’s Commercial Banks purchase over $77.2 mln at intra-banking forex market last week

Armenian commercial banks purchased more than $77.2mln at a weighted average rate of 405.18drams per $1 in intra-banking foreign exchange market on November 4-8

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Armenia’s commercial banks purchased over $74.2 mln last week

29.05.2012 12:28

Armenia’s commercial banks purchased over $74.2 mln last week

Armenian commercial banks obtained nearly $74.2 million at weighted average rate 400.9 drams per $1 within May 21-25 in intra-banking market

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Armenia’s commercial banks purchased $70.2 mln last week

10.04.2012 18:52

Armenia’s commercial banks purchased $70.2 mln last week

Armenian commercial banks purchased over $70.2 million at weighted average rate 390.52 drams per $1 April 2-6 in intra-banking market of foreign currency, the press service of Armenia’s Central Bank reports on Tuesday.

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Armenian banks purchase $63.7 million November 1-5

05.11.2010 22:42

Armenian banks purchase $63.7 million November 1-5

Armenian commercial banks bought a total of $63.7 million at the local forex market November 1-5 at an average weighted exchange rate of 358.34 Drams per one USD, the Central Bank of Armenia reported.

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