YEREVAN, July 16. /ARKA/. Armenia’s National Mortgage Company Refinancing 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 RCO Executive Director Edmond Vardumyan said in an exclusive interview with ARKA News Agency.
"In total, the loans amounting to 94 billion have been refinanced," he said.

In his words, it has become easier to obtain housing under the National Mortgage Company's program thanks to improvement of mortgage lending terms.

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The European Central Bank (ECB) governing board voted today to keep the benchmark refinancing rate at its current all-time low of 0.05%, Finmarket.ru reported

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Tags: ECB, RATE, refinance

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