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

Head of the Union of Banks of Armenia did not rule out consolidation of the Armenian banking market

Daniel Azatyan, Chairman of the Union of Banks of Armenia, believes the current number of commercial banks in the country is optimal, but theoretically allows for market consolidation.

Central Bank of Armenia explained its decision to keep the interest rate unchanged

The Central Bank of Armenia kept the interest rate unchanged because it has not yet seen any deviation in inflation expectations from the target level, stated Deputy Chairman of the Central Bank Hovhannes Khachatryan.

IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch Campaign

IDBank has expanded its card portfolio with the new Mastercard World card, created for those who value convenience not only in their everyday purchases but also while traveling.

Idram and IDBank Support Startups at Seaside Startup Summit

Thousands of ideas and numerous participants - all in one place.

Ranking of the Most Profitable Credit Institutions in Armenia for the First Half of 2026

ARKA News Agency publishes a ranking of the most profitable credit institutions in Armenia for the first half of 2026.

LATEST NEWS

spot_imgspot_imgspot_img