Ardshininvestbank offers gold-secured consumer loans and Nur Card Express credit line at lower-than-before interest rates

YEREVAN, July 14. /ARKA/. Ardshininvestbank offers consumer loans secured by gold and Nur Card Express credit line at lower annual interest rates than before, the bank’s press office reports.

On July 15, 2014, Ardshininvestbank’s all branches will start extending loans secured by gold at a one-percent-lower interest rate, and from August 18, 2014, and the Nur Card Express credit line interest rates will be downed 4.1%.

“Ardshininvestbank, as one of Armenia’s flagship banks providing retail services, is always trying to provide competitive high-quality services to it clients,” Arthur Gyulazyan, the bank’s retail business director, said on Friday.

He said the bank will probably lower interest rates also on other types of consumer loans.
Gyulaztan said additional loan amounting up to AMD 1 million will be offered to all fair borrowers without requirement to enlarge the guarantee.

The bank’s offer to extend a new type of Nur Card Express loan, Nur Card Gold Express, takes force on July 15. It means credit lines up to AMD 1.2 million or the equivalent amount in dollars will be available at 17.9% and 14.9% interest rates respectively.

Ardshininvestbank received its license for banking activities from the Central Bank of Armenia on February 27, 2003.

Ardshininvestbank has 49 branches in Armenia six in Nagorno-Karabakh Republic and one office in Paris.

The bank’s assets totaled AMD 277.5 billion liabilities AMD 232.8 billion and credit investments AMD 166.6 billion in early April 2014. Its capital amounted to about AMD 44.7 billion in early April and net profit for the first quarter of this year AMD 1.5 billion (48.6% year-on-year growth). ($1- AMD 407.52). —0—–

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