Fri, 25 April
10.1 C
Yerevan
USD: 390.33 RUB: 4.73 EUR: 443.14 GEL: 142.02 GBP: 519.57
spot_img

Pashinyan expects mortgage rate to drop

YEREVAN, August 23. /ARKA/. In a live Facebook stream on August 22 evening Armenian Prime Minister Nikol Pashinyan said he expects mortgage rates to drop further. According to him, over the past three months, mortgage lending rates have decreased by 1-1.5%.

“This is a small but important step; we hope that along with the growing activity in the real estate market this trend will continue,” Pashinyan said.

He said the most important role of the government in this process will be to provide assistance.

According to the Central Bank of Armenia, mortgage lending by Armenian banks at the end of July 2018 stood at 222.2 billion drams (an increase of 1% over the previous month). In the past five years, mortgage lending by banks has grown by 64%.

According to the latest data of the Central Bank, the average mortgage rate for individuals is 11.3%. ($ 1 – 482.90 drams). –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img