Monday, November 14 2011 13:08

Over Jan-Oct 2011 credit portfolio of National Mortgage Company was up 56.4%


ArmInfo. Over Jan-Oct 2011, the portfolio of the refinanced mortgage loans of the National Mortgage Company (NMC) grew by 56.4% to 15.655 bln AMD as of 1 November (2121 loans).

According to the official data of the NMC, over October alone the company refinanced 129 mortgage loans worth 991 mln AMD.

At present the NMC has general contracts with 15 commercial banks and 3 credit companies: ArmBusinessBank, ARARATBANK, Armeconombank, Artsakhbank, Anelik Bank, Areximbank- Gazprombank Group, Ardshininvestbank, VTB Bank (Armenia), HSBC Bank Armenia, INECOBANK, Byblos Bank Armenia, Unibank, Armenian Development Bank, Converse Bank, as well as First Mortgage Company, Global Credit and Express Credit.

The NMC was founded on June 16, 2009 by the decision of the Central Bank of Armenia. As of 1 July 2011, the authorized capital of the company totaled 8 bln AMD (1st position among the universal credit organizations), total capital - 8.4 bln AMD (1st position), assets - 12.983 bln AMD (2nd position), 87% of which fell on the provision of crediting (1st position).
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UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
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UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
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