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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

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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ECB keeps benchmark rate unchanged

16.07.2015 19:18

ECB keeps benchmark rate unchanged

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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