Unibank’s private lending portfolio triples in one quarter to 54 billion drams

YEREVAN, May 13. /ARKA/. Unibank said today that its private lending portfolio amounted to 54 billion drams as of late 2016 March, while the number of loans exceeded 173,000.

“In the first quarter alone the Bank provided 34,000 retail loans, by 3 times more than in the first quarter of 2015. As a result, the retail business profit plan was exceeded by almost 2.5 times amounting to 822 million drams,” the Yerevan-based bank said in a press release.

According to the press reelase, the lending procedure at Unibank is as simple and quick as possible. Clients can visit any branch of the bank or a promotional point at supermarkets and large stores and find out the bank’s decision on loan granting in one minute. This efficiency has been achieved due to the introduction of CRM system.

Unibank has an extensive service network, which is also an advantage in terms of providing convenient services. The service network includes 45 branches and 54 promo points. Unibank is cooperating with more than 1,000 trade and service enterprises. The bank plans to expand the service network this year not only by opening  new branches, but also  increasing the number of promotional points and the number of partner stores.

The bank accepts also online applications for consumer loans, which can be submitted without visiting the bank. Repayment of loans is also as simple and quick as possible. It can be carried out with the help of a bank employee, and independently by using payment terminals, located in all bank branches and large shopping centers.

In May Unibank has announced a new U-Gold + campaign, making available loans of up to one million drams secured by gold at an interest rate of 20% and repayment period of 5 months.
Unibank was founded in October 2001. In 2002 it introduced Unistream system. Its only shareholder is Glover Holding LTD. In 2015 the Bank was reorganized into an open joint stock company.

spot_img

POPULAR

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

LATEST NEWS

spot_imgspot_imgspot_img