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

Central Bank of Armenia puts into circulation a commemorative silver coin for the 35th anniversary of the Republic

The Central Bank of Armenia will put into circulation a silver commemorative coin, "35th Anniversary of the Republic of Armenia," on September 14, 2026, the regulator's press service reported.

Cube Invest is the first investment company in Armenia to issue bonds worth 5 billion drams: Cube Invest’s CEO

Cube Invest has become the first investment company in Armenia to issue bonds on the local market, announced Cube Invest CEO Mikael Margaryan.

EBRD’s AMD-denominated bonds listed on AMX; Converse Bank acted as underwriter

The AMD-denominated bonds issued by the European Bank for Reconstruction and Development (EBRD) have been listed on the Armenia Securities Exchange (AMX).

Unibank Becomes Lead Sponsor of AGBU’s Global Run in Support of Camp Nairi

Unibank has become the Lead Sponsor of the AGBU Global Run in support of Camp Nairi, joining the worldwide fundraising initiative as a corporate donor to help children and families affected by war and displacement.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.15 points on September 7, 2026, compared to September 4, to 363.7 drams.

LATEST NEWS

spot_imgspot_imgspot_img