ArmInfo. Anelik Bank has improved the terms of mortgage loans. As the press service of the Bank explained to ArmInfo, prepayment - starting from 0%, interest rate - at least 8.5% per annum, maturity - up to 20 years. Mortgage loans are issued both in drams and in US dollars.
According to the source, under these conditions it is possible to purchase real estate both in the secondary market and in a standing building. Mortgage loans on these terms Anelik Bank issues both at the expense of its own funds, and in the framework of mortgage refinancing programs by credit companies "Affordable Housing for Youth" and "National Mortgage Company".
Today, many people dream of owning an apartment or a private house, but do not have enough money to make their dreams come true. Anelik Bank, by increasing the availability of mortgage loans, provides customers with the opportunity to achieve their goals by using a new loan product on more efficient terms. The decision to issue a mortgage loan is taken as soon as possible, and a minimum package of documents is required to receive it.
More details on the terms of mortgage loans can be found on the official website of Anelik Bank www.anelik.am or by calling 010 59 33 33.
According to the Financial Rating of the Armenian Banks, prepared by IC ArmInfo, the volume of credit investments of Anelik Bank amounted to 65.8bln AMD (49.9% of the bank's assets) by January 1, 2018, out of which 41.3% or 27.2bln AMD accounted for retail crediting. The volume of lombard loans increased by 20.8% to 5.8 bln drams in 2017, the share of which in the total loan portfolio of the bank is 8.8%, and in the retail loan portfolio - 21.3%. By January 1, 2018, the Bank's assets amounted to 131.9 billion drams. Net profit increased by 3.8 times to 4.3 billion drams. (The calculated exchange rate of the dram as of 31.12.2017 is 484.10 dr / $ 1).
It should be noted that Anelik Bank has been operating in the market since October 1996. The shareholders of the Bank are Cyprus company FISTOCO LTD with a stake of 59.68% and Lebanese Bank CreditBank S.A.L - 40.32%.