Monday, November 25 2013 17:31
In Oct 2013 National Mortgage Company refinances 74 mortgage loans worth 577.5mln AMD
ArmInfo. In Oct 2013 National Mortgage Company (NMC) refinanced 74 mortgage loans worth 577.5mln AMD.
The press service of NMC reports that in Jan-Sept 2013 the company refinanced 4,020 mortgage loans worth 31.3bln AMD.
In Jan-Sept 2013 the amount of the loans grew by 26.7%, while their number rose by 22.6%. In Oct 2013 alone the indices grew by 1.9% both. As compared with Oct 2012 they grew by 37% and 31%, respectively.
In 2012 the company refinanced 3,280 mortgage loans worth a total of 24.7bln AMD, in 2011 2,320 loans worth 17bln AMD, in 2010 1,310 loans worth 9.7bln AMD and in 2009 336 loans worth 2.4bln AMD.
National Mortgage Company is a universal credit company founded by the Central Bank of Armenia on July 13 2009.
According to ArmInfo's Ranking of Credit Companies of Armenia, as of Oct 1 2013 the company's capital totaled 9.2bln AMD (2nd rank), assets 29.9bln AMD (1st rank), loans 27.7bln AMD (1st rank).