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

ADB announces new Instant loan

YEREVAN, June 2. / ARKA /. The Armenian Development Bank has announced today a new consumer loan called “Instant’ designed for clients with positive credit history and owing a real estate meeting the bank’s requirements.

The maximum amount of loans that can be repaid in 7 years is 10 million drams. They are available without certification of income and insurance of mortgage real estate.

The Armenian Development Bank (ADB) was established in 1990. Its major shareholders are Ruben Hayrapetyan (10%), Ara Mekhakyan (19.98 %) and Grigor Termenjyan (16.03%).

The bank’s assets as of April 1, 2014 stood at 69.2 billion drams; its liabilities were worth 59.7 billion drams, credit investments stood at 41 billion drams, and the capital at about 9.5 billion drams.

The net profit in the first quarter of 2014 amounted to 258.1 million drams, which was 60 percent higher than in the first quarter of 2013. ($ 1 – 413.28 drams). M.M.-0-

spot_img

POPULAR

“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 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.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

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.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img