Sun, 8 June
24.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Converse Bank unveils special loan product for purchase of cars from primary market

YEREVAN, September 6. /ARKA/. The Converse Bank has unveiled today a special loan product, it has designed for buyers of cars from the primary market, offering customers more favorable lending terms.

According to a Converse Bank’s press release, as part of the product, it offers loans up to 45 million drams with the repayment period of up to 84 months, the annual nominal interest rate beginning from 11%, and down payment beginning from 10%.

As part of this offer, loan is provided in the shortest possible time. If a customer seeks a loan up to 15 million drams for purchase of a car from the primary market, no vehicle insurance is required. The special offer is valid until December 28, the bank said.

Converse Bank CJSC was registered on December 20, 1993. The bank’s shareholders now are the Advanced Global Investments LLC (Argentina) with a share of 80.94%, the Armenian Apostolic Church ( 5%) and the HayPost Trust Management B.V. Company (14.06%). ($ 1 – 484.52 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

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

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

LATEST NEWS

spot_imgspot_imgspot_img