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Tag: MORTGAGE LOANS

Armenian prime minister says mortgage loans break record

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In a Facebook post today Armenian Prime Minister Nikol Pashinyan spoke about the latest data on real estate deals, saying that when compared with July 2018, the number of real estate transactions in 2019 July increased by 17.1%, and when compared with June 2019- by 10.3%

Converse Bank offers unprecedented terms s of mortgage loans to current and new customers

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Converse Bank said today it has improved the terms of mortgage lending with its own resources and has implemented new tools

Armenian contract servicemen will be able to seek low-interest rate mortgage loans

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Armenia’s acting Prime Minister Nikol Pashinyan asked today the Ministry of Defense and the Central Bank to look into the possibility of providing low-interest rate mortgage loans to contract servicemen

Armenian government to cut rates on mortgage loans

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The Armenian government is preparing unprecedented mortgage rates for the social housing program, designed for young families, Armenian Prime Minister Nikol Pashinyan said during a live Facebook broadcast on late evening on September 2

Unibank downs rates on mortgage loans

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Unibank has improved terms on mortgage loans by downing interest rates on a number of lending products, the press office of the bank reported on Wednesday

Converse Bank reduces interest rates on several types of mortgage loans

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The Yerevan-based Converse Bank said today it has revised the lending terms as part of the Affordable Housing for Youth program, as well as the terms of refinancing with the funds of the National Mortgage Company, reducing the interest rates

Araratbank cuts interest rates on mortgage loans

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The Yerevan-based Araratbank has announced a 1% cut in the interest rates on mortgage loans from July 31. It said in a news release that mortgage loans in Armenian drams are provided at 10% interest rate and a repayment period of 20 years

VTB Bank (Armenia) reduces interest rates on mortgage loans

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The VTB Bank (Armenia) has announced a ‘significant’ drop in the annual interest rates on mortgage loans provided in Armenian drams ‘to make mortgage loans available to a wider segment of customers

VTB Bank (Armenia) offers mortgage loans at better terms

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Prompted by development trends at the local mortgage market and the needs of customers the VTB Bank (Armenia) has announced a new mortgage product that allows customers to but homes with only 3% down payment

Parliament discusses draft law facilitating mortgage loans

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The Armenian parliament discussed today a draft law on mortgage lending, which when passed, will allow free transfer of mortgage loans from one bank to another

VTB Bank (Armenia) offers mortgage loans up to 25 million drams at reduced rates

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VTB Bank (Armenia) said its clients can now claim mortgage loans up to 25 million drams for buying or building/repairing homes at 11.5% and 12.5% interest rates respectively

Interest rates on mortgage loans in Armenia affordable and equal to those in other countries of region – regulator

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Interest rates on mortgage loans in Armenia are affordable and almost equal to those in other countries of the region, Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, said Tuesday in the National Assembly

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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