YEREVAN, June 1. /ARKA/. Armenian Converse Bank has announced a mortgage loan offer called Happy Parent on the occasion of the International Child Protection Day, the bank’s press office reported on Wednesday.
The offer will be in force from June 1 to Dec 25, 2011.
The bank offers mortgage loans to parents of underage children. The loans will be extended in U.S. dollars at 11% annual interest rate for up to 15 years with 20% prepayment.
The Converse Bank has also surprises for borrowers.
The bank’s another program for young families, Apartments for Young People, is effective now. There is also a special deposit called Baby among the bank’s offers.
The Converse Bank CJSC was established in 1993. Advanced Global Investments LLC holds 95% of the bank’s shares, and the remaining 5% belong to Armenian Apostolic Church.
The Converse Bank has 28 branches with 600 employees in 13 cities in Armenia. Two of these branches provide postal and banking services. ($1= AMD 376.78). -0-
