Wed, 23 July
25.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Loans worth total of 34.4bln drams refinanced by Armenia’s National Mortgage Company so far

YEREVAN, February 6. /ARKA/. The National Mortgage Company (NMC) refinanced 4,313 mortgage loans worth a total of 34.4 billion drams as of February 5, 2014, the company’s press office reported.

Of them, 2,739 loans worth 26.3 billion drams were refinanced in Yerevan alone, according to the report.
A total of 26.9 billion drams was lent for buying homes in 2,782 loans, and 1,531 loans for a total of 7.5bln drams were extended for repair and construction.

As of the end of December 2013, the company’s assets amounted to 29.9 billion drams; total capital was 10.7 billion drams and retained income 1.4 billion drams.

The company implemented various mortgage market development programs as part of its mission. In particular, it used government funds to implement a mortgage market financing program. In July 2011, the NMC started, together with German KfW Entwicklungsbank, a program on stable development of home financing in Armenia.

On December 17, 2013, the NMC signed a loan agreement with the French Development Agency for $13.7 million for improving home energy efficiency and microfinancing.

National Mortgage Company is a refinancing credit organization registered and licensed by Armenia’s Central Bank, the sole founder and stockholder of the company, in 2011. ($1-410.15drams).  –0–

spot_img

POPULAR

Euro falls by 2.8 points against Armenian dram, meanwhile, US dollar and ruble decline slightly

As of July 16, 2025, the average market exchange rate of the U.S. dollar against the Armenian dram fell by 0.16 points compared to July 15, amounting to 383.96 drams.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro and dollar rise against Armenian dram, as Russian ruble falls slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 14, 2025, increased by 0.23 points compared to July 11 and amounted to 384.14 drams.

LATEST NEWS

spot_imgspot_imgspot_img