Sun, 28 September
16.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

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

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img