Tuesday, September 19 2017 18:09
Karine Melikyan

Ardshinbank Offers Mortgages Starting With Just 5% Prepayment

Ardshinbank Offers Mortgages Starting With Just 5% Prepayment

ArmInfo. Ardshinbank  announces new terms on mortgages, according to which the interest  rate for purchasing residential real estate has been reduced to 9.5%.  Lending conditions have also been improved, therefore it is now  possible to get a real property starting with just 5% prepayment.

"Today many people dream of their own apartment or house.  Unfortunately, not everybody is able to realize their goals due to  lack of finances. Being committed to its policy, Ardshinbank  continues to improve the terms of lending, creating opportunities for  all. Our customers can get a loan for up to 35 years and at a lower  interest rate when buying a dwelling in a multi-apartment building  directly from a constructor. Moreover, in case of a large sum of  loan, the income of the borrower will also include the amount of  income tax paid to the borrower," stated Armen Gasparyan, Strategic  Development Director.

For further information on mortgage loans, please,  https://goo.gl/XFi3Ko, call (012) 22 22 22 or use the "Call Back"  service.

According to the Financial Rating of the Armenian Banks, as of July  1, 2017, prepared by ArmInfo News Agency, Ardshinbank holds the  leading position in the mortgage lending market - over 28 billion AMD  ($ 58.3 million) or 14.3% in total mortgage loans of the banking  system. In the loan portfolio of Ardshinbank, the share of mortgages  increased from 5% to 8% per year. The absolute value of the Bank's  mortgage loans increased by 36.4% year-on-year, and only in the first  half of 2017 - by 18.1%. Ardshinbank is included in TOP-3 by main  balance indicators: total capital - 62.8 billion AMD (annual growth  of 22.4%), assets - 507.5 billion AMD (annual growth of 12.1%),  credit investments - 361.6 billion AMD. The first half of the year,  2017, Ardshinbank completed with a net profit of 3.1 bln AMD, having  increased this indicator by 39.3% year-on-year. The branch network of  Ardshinbank is one of the largest in the banking system of Armenia -  64 branches, out of which 19 in Yerevan, 42 in regions and 3 in NKR.  The majority shareholders of Ardshinbank are OOO Arins Group (this is  renamed OOO Center for Business Investments) with a 70,1145% interest  in the capital and REGION Industrial and Financial Corporation -  28.3889%. To note at the end of 2016, Areximbank-Gazprombank Group  merged with Ardshinbank.

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