Mon, 7 April
12.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

ACBA-CREDIT AGRICOLE BANK kicks off mortgage loans for young families

YEREVAN, July 4./ARKA/. ACBA-CREDIT AGRICOLE BANK is now offering mortgage loans within the framework of its “Affordable housing for young families” program, the bank reported Thursday.

The mortgage loans are introduced specially for those young families that would like to purchase affordable apartments or houses in Yerevan and the regions of Armenia.

The loans will be given in AMD for 10 years at an annual interest rate of 10.5%. Subsidies in Yerevan will be at 2%, in the regions -4%.

“The program is merely socially-oriented and adheres to the policy of ACBA-CREDIT AGRICOLE BANK,” the source stated.

ACBA-CREDIT AGRICOLE BANK (formerly the Agricultural Cooperative Bank of Armenia, ACBA) was established in 1996 as part of EU’s TACIS Program. Its major shareholders are the French Credit Agricole SA -15.56%, SACAM International joint stock company -12.44%, as well as farmers’ mutual aid associations in 10 regions of Armenia.—0-

spot_img

POPULAR

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

LATEST NEWS

spot_imgspot_imgspot_img