Thu, 26 February
3.1 C
Yerevan
USD: 376.92 RUB: 4.92 EUR: 444.01 GEL: 140.90 GBP: 509.29

Applications for Unibank’s consumer loans increase 18% to 470,000

YEREVAN, February 15. /ARKA/. In 2018, Unibank’s «credit conveyor» processed more than 470 000 applications for consumer loans, the press office of the bank reported on Friday. This indicator is more than that of the previous year by 18%.

The «credit conveyor» has been developed by «Protobase Laboratories» company. CRM system allows a more efficient client profiling, contributes to the formation of a base of qualified borrowers and reduces lending risks of the bank, meanwhile saving its resources. Human factor is excluded from decision making process and the decision on the client’s loan application is presented in a minute.

«It is important for the clients that the processing of consumer loan applications should not take much time and the conditions should be available. Unibank has all the necessary technologies and infrastructures for the organization of a competent processing and an effective further development of consumer lending. As of the end of 2018, Unibank’s share in the POS lending made 40 %,”- Gurgen Ghukasyan, Director of Retail Business Promotion and Sales, is quoted in the press release.

Unibank is one of the leaders in consumer lending market due to its fast service and available lending conditions for wide layers of population. In 2018, the volume of unsecured consumer loans issued by Unibank exceeded the amount of AMD 45 billion.

Unibank was established in 2001. In 2002, it introduced Unistream system. Its principal shareholder is UNIHOLDING GG LIMITED. In 2015, the bank was reorganized into an open joint stock company. –0—

spot_img

POPULAR

Assets of Armenian Credit Institutions Grew by 11.93% to AMD 859.9 Billion in 2025

The total assets of Armenia's credit institutions as of December 31, 2025, amounted to AMD 859.9 billion, an increase of 11.93% compared to December 31, 2024.

Armenia’s public debt net of liquid assets will remain stable at 44% of GDP in the medium term – S&P

Taking into account the narrowing budget deficits and high nominal GDP growth, the international rating agency S&P Global Ratings forecasts that Armenia's public debt net of liquid assets will remain broadly stable at a moderate 44% of GDP in the medium term.

Armenia is discussing the possibility of providing loans to taxi drivers with transparent incomes

Minister of Economy Gevorg Papoyan announced that he has initiated discussions on providing loans to taxi drivers with transparent incomes.

Ranking of most profitable credit institutions in Armenia by the end of 2025

ARKA News Agency has published a ranking of the most profitable credit institutions in Armenia for 2025.

The credit and leasing portfolio of Armenian credit institutions in 2025 amounted to 659.7 billion drams

The total credit and leasing portfolio of Armenian credit institutions as of December 31, 2025, amounted to 659.7 billion drams, an increase of 13.96% compared to the same period in 2024.

LATEST NEWS

spot_imgspot_imgspot_img