{"id":85917,"date":"2015-03-25T14:39:43","date_gmt":"2015-03-25T14:39:43","guid":{"rendered":"https:\/\/armbanks.am\/2015\/03\/25\/242583\/"},"modified":"2024-12-15T13:17:04","modified_gmt":"2024-12-15T13:17:04","slug":"vtb-bank-armenia-expects-its-mortgage-lending-to-increase-by-10-20-in-2015-to-3-billion-drams","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/03\/25\/85917\/","title":{"rendered":"VTB Bank (Armenia) expects its mortgage lending to increase by 10-20% in 2015 to 3 billion drams"},"content":{"rendered":"<p><strong>YEREVAN, March 25. \/ ARKA \/.<\/strong> VTB Bank (Armenia) expects its mortgage lending portfolio to increase by 10-20% in 2015 to about 3 billion drams, the head of the bank&#8217;s retail business department Artak Khachatryan told a news conference today. He said last year the bank issued 17.4 billion drams worth mortgage loans.<\/p>\n<p>According to Khachatryan, a government-designed program to refund income taxes to persons repaying mortgage loans will have a very positive impact both on the banking system and the construction sector.<\/p>\n<p>According to Artak Khachatryan, the decision is expected to increase both their mortgage lending portfolio as well as the total mortgage lending by local banks from 10-20% this year.<\/p>\n<p>He said all types of mortgage loans such as for repair and construction of homes, purchase of homes in newly-built residential buildings and private homes are expected to surge.<\/p>\n<p>According to the Central Bank, the amount of mortgage lending by commercial banks to residents grew last year by about 21 percent from the previous year to 172.4 billion drams.<\/p>\n<p>VTB Bank (Armenia) is a 100% subsidiary of Russian VTB Bank. It runs 67 branch offices throughout Armenia, more than any other local bank.<\/p>\n<p>The bank\u2019s assets in late 2014 stood at 379.6 billion drams (a 25.6% year-on-year increase); its liabilities were worth 334.8 bln drams (26.3% growth), total capital stood at 44.7 bln drams (20.2% growth), loan investments \u2013 were worth about 244.3 bln drams (11.6% increase). The 2014 profit of the bank amounted to 777.14 mln drams, as compared to 5.6 bln drams in 2013. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VTB Bank (Armenia) expects its mortgage lending portfolio to increase by 10-20% in 2015 to about 3 billion drams, the head of the bank&#8217;s retail business department Artak Khachatryan told a news conference today. He said last year the bank issued 17.4 billion drams worth mortgage loans<\/p>\n","protected":false},"author":1,"featured_media":167515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12345,15826],"class_list":{"0":"post-85917","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-dram","11":"tag-vtb-bank-armenia-2"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/85917","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=85917"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/85917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/167515"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=85917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=85917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=85917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}