{"id":110491,"date":"2017-10-19T08:11:54","date_gmt":"2017-10-19T08:11:54","guid":{"rendered":"https:\/\/armbanks.am\/2017\/10\/19\/246795\/"},"modified":"2024-12-15T13:31:10","modified_gmt":"2024-12-15T13:31:10","slug":"conversebank-revised-downward-mortgage-lending-rate","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/10\/19\/110491\/","title":{"rendered":"Conversebank revised downward mortgage lending rate"},"content":{"rendered":"<p><strong>YEREVAN, October 19. \/ARKA\/.<\/strong> Armenia-based Converse Bank, a leader in mortgage lending, said it has revised downward the terms of lending under the &#8220;Affordable Housing for Young Families&#8221; program having also extended the maturity terms.<\/p>\n<p>&#8220;Conversbank attaches importance to creating the best conditions for lending to young families, introducing affordable and profitable products,&#8221; said the head of the credit department of the bank Taron Hovsepyan.<\/p>\n<p>In particular, within the framework of the program, the bank offers mortgage lending to the tune of up to 17.5 million drams, with a maturity of 20 years and interest rate of 8.5%. The rate is applied throughout Armenia, with a subsidized rate of 2% in Yerevan and 4% beyond it.<\/p>\n<p>In addition, Converse Bank revised the financing rates of the &#8220;National Mortgage Company&#8221;, reducing them from 13% to 12% per annum.<\/p>\n<p>Converse Bank is owned by Advanced Global Investments LLC (Argentina) with a share of 80.94%; the Armenian Church owns 5% and HayPost Trust Management B.V. Company &#8211; 14.06%. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia-based Converse Bank, a leader in mortgage lending, said it has revised downward the terms of lending under the &#8220;Affordable Housing for Young Families&#8221; program having also extended the maturity terms<\/p>\n","protected":false},"author":1,"featured_media":183781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12387,14556],"class_list":{"0":"post-110491","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-conversebank","11":"tag-mortgage-lending-rate"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/110491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=110491"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/110491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/183781"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=110491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=110491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=110491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}