Tue, 16 September
15.1 C
Yerevan
USD: 383.12 RUB: 4.62 EUR: 450.36 GEL: 141.63 GBP: 521.31

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

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Euro and dollar rise against Armenian dram, while ruble falls

The average market exchange rate of the US dollar to the Armenian dram as of September 9, 2025, rose by 0.45 points compared to September 8 and amounted to 382.95 drams.

Regulation of cryptocurrency assets should adopt a pragmatic approach – Chairman of  Central Bank of Armenia

Martin Galstyan, the Chairman of the Central Bank of Armenia, asserts that a pragmatic strategy is essential to mitigate risks associated with the regulation of the cryptocurrency sector.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

LATEST NEWS

spot_imgspot_imgspot_img