YEREVAN, November 9, \/ARKA\/. Armenian Cascade Bank said it has cut the benchmark interest rate from 13% to 11% for commercial credits released in US Dollars. A statement posted on the bank\u2019s official website said it offers also commercial credits in Armenian Drams at 13% interest rate.<\/p>\n
The Cascade Bank has also lowered interest rates on other types of credits, particularly, on car credits, which are available now at 15-18%, down from 17-20%<\/p>\n
Mortgage credits are available at 13-15% annual interest rates, down from 14-16%, interest rate on home repair credit was brought down to 18% from previous 22%. Credits for buying homes built by Glendale Hills company are available at 13% interest rate. Cascade has also resumed extending credits for installment of home heating systems at 22% interest rate.<\/p>\n
Cascade Bank was established in 2005, after Cascade Capital Holding acquired 100% of shares of Emporiki Bank Armenia. Cascade Bank cooperates with the European Bank for Reconstruction and Development (EBRD).<\/p>\n
Cascade Capital Holding cjsc was established in 2004 by the US-based Cafesjian Family Foundation. The Holding comprises Cascade Bank, Cascade Investments, Cascade universal credit organization, Cascade Insurance and Cascade Consulting companies. ($1- 387.43 Drams).–0–<\/p>\n","protected":false},"excerpt":{"rendered":"
Armenian Cascade Banks cuts credit interest rate<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12271,12272],"class_list":{"0":"post-3572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-armenia-2","9":"tag-cascade-banks","10":"tag-credit-rate"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/3572","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=3572"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/3572\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=3572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=3572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=3572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}