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

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

ADB Appoints New Country Director for Armenia

The Asian Development Bank (ADB) has appointed Lyaziza Sabyrova as its new Country Director for Armenia, effective 1 April 2026.

ARKA news agency launches special project about its products and services to celebrate its 30th anniversary

To celebrate its 30th anniversary, ARKA News Agency has launched a new special project dedicated to its products and services.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (April 20-26) 

The week in Armenia's financial market was marked by the publication of financial indicators for the banking sector, updated macroeconomic indicators, and signals regarding capital market development.

Armenia’s Deputy Prime Minister discussed infrastructure development and the green economy with an EBRD delegation

Armenian Deputy Prime Minister Tigran Khachatryan discussed infrastructure modernization and the transition to a green economy with a delegation led by Elisabetta Falcetti, Executive Director for Turkey and the Caucasus at the European Bank for Reconstruction and Development (EBRD).

LATEST NEWS

spot_imgspot_imgspot_img