Monday, February 5 2018 14:35
Karine Melikyan

Anelik Bank improved the terms of mortgage loans: prepayment - from 0%, rate - at least 8.5% per annum, with the maturity term up to 20 years

Anelik Bank improved the terms of mortgage loans: prepayment - from  0%, rate - at least 8.5% per annum, with the maturity term  up to 20  years

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%.

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