Wednesday, July 6 2011 15:46

Portfolio of refinanced loans of National Mortgage Company exceeds 12.7 bln drams As of July 2011


ArmInfo. The portfolio of the refinanced mortgage loans of the National Mortgage Company (NMC) was up over 27.3% for Jan-Jun 2011 to 12.741 bln drams as of July 1 (1716 loans).

By NMC's official data, the company ensures sustainable monthly growth of the loan portfolio. In June the portfolio of refinanced loans totaled 726.5 mln drams - 84 mortgage loans.

At present, the source reported, NMC has general contracts with 15 commercial banks and 3 credit companies: Armbusinessbank, ARARATBANK, Armeconombank, Artsakhbank, Anelik Bank, Areximbank-GPB Group, Ardshininvestbank, VTb Bank (Armenia), HSBC Bank Armenia, INECOBANK, Byblos Bank Armenia, Unibank, Armenian Development Bank, Converse Bank, ArmSwissbank, and First Mortgage Company, Global Credit and Express Credit companies.

NMC was founded on June 16 2009 by the decision of the Central Bank. As of April 1 2011 the statutory capital of the company totaled 8 bln drams (1st position among UCOs) and total capital made up 8.3 bln drams (1st position), assets totaled 13 bln drams (2nd position). 75% of assets were credit exposures (2nd positions) that were up almost 3fold over the year.

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Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2