Unibank’s unsecured loans – support for business at the right time

YEREVAN, September 23. /ARKA In the first half of 2019, Unibank directed more than AMD 15,5 billion in support for business. The popularity of business loans among entrepreneurs is conditioned by the accessibility of credit funds and the possibility of fast financing, the bank said in a news release. It said representatives of small and medium-sized enterprises get apply for an unsecured loan of up to AMD 5 million with a simplified procedure.

“The more dynamically you run your business, the more often you need free funds and little time spent on their search. It’s not only unprofitable to withdraw money from circulation, but also it’s not always possible. Applying for a usual loan is maximally simplified, it still takes some time, though. Meanwhile, unsecured loans are much faster to apply for and make it possible to economize. Indeed, in this case, additional costs for notarial and cadastral registration and pledge insurance are not required”, explains David Petrosyan, Director of Corporate Business Promotion and Sales at Unibank.

“Unsecured +” loan is issued in AMD, USD and EUR with a maturity term of 36 months. The application loan review process is automated. The Bank’s CRM-system by “Protobase Laboratories” company processes the applications in the shortest possible time.

To support its clients in the development of their businesses, the bank offers a special credit card to legal entity and sole proprietor currently having a positive credit history at Unibank, especially designed for them. Additional funds help entrepreneurs operatively solve urgent financial issues. Visa Business card can be used to pay for current expenses and customs duties.

Due to the profitable and flexible conditions, Unibank’s loans are accessible for a wide circle of entrepreneurs from all over Armenia, borderline regions inclusive. Representatives of SMEs can apply for business loan online at www.unibank.am, and the Bank’s specialist will contact them to help choose the most suitable credit conditions.

From the 12th to the 14th of September, Unibank participated “Armenia Expo 2019”. At the exhibition, the bank specialists presented business loans designed to meet the specifics of companies, the economic environment and the perspective areas of market development.

Unibank was founded in October 2001. Its main shareholder is UNIHOLDING GG LIMITED. In 2015, the bank was reorganized into an open joint stock company. -0-

spot_img

POPULAR

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

Armenian banks’ loan portfolio in Q1 amounted to AMD 8.01 trillion, an increase of over 22%

As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

LATEST NEWS

spot_imgspot_imgspot_img