Sun, 24 August
25.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Unibank is the leader in terms of POS loans

YEREVAN, March 17. /ARKA/. In the 4th quarter of 2021, Unibank became the leading bank in Armenia both in terms of the number of POS loans issued and their volume.  

In 2021, Unibank also retained its leadership in terms of the number of POS loans issued. The bank’s market share is over 21%, according to a Unibank press release.

Loans provided for the purchase of goods by installment are issued in more than 500 partner stores of the bank. The main categories of goods for which loans are issued in stores are household and computer equipment, mobile devices, etc.

To increase the speed and efficiency of applications processing, Unibank fully automated the credit scoring system and introduced artificial intelligence technology. With the help of an innovative automated system, more than 400,000 applications were processed in 2021.

“Our task is to give customers the opportunity to purchase goods on credit as comfortably and simply as possible. The demand for our products is growing every year, which means we are moving in the right direction. Among the factors of our success is the use of innovative technologies, which greatly simplify the process for customers. We also managed to build strong relationships with key partners, including those in the regions,” says Gurgen Ghukasyan, Sales and Retail Business Development Director at Unibank. -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img