Thursday, October 5 2017 19:20
Naira Badalian

Ardshinbank Improves Terms for Property Secured Loans

Ardshinbank Improves Terms for Property Secured Loans

ArmInfo. Ardshinbank improved  terms for property secured loads, reducing maximal level of interest  rates.  According to the press service of the company, Ardshinbank  announces reduced interest rates and better lending terms for loans  secured by property. Thus, the current annual interest rate on  consumer loans in AMD is 14.25-19.95% without the need to submit a  statement of income and 14.25-17.75% with income certificate. The  interest rates on express renovation loans in USD are 12.75-17.95%  without income certificate and 12.75-15.25% with income certificate,  as well as 12-14.95%, 12-13.45% in Euro accordingly. Following the  new terms, it is now possible to get up to AMD 40 million, USD 80,000  and EUR 70,000 loan amount.

"A big advantage of the loan is the fact that the borrower does not  need to submit a statement of income to the bank, which is very  convenient. Under the new conditions, we retained this opportunity,  but gave the customers a chance to get the loan at a lower rate if  they provided a certificate of income. We also developed favorable  conditions for refinancing. If the client transfers his loan to  Ardshinbank, the interest rate can be reduced by 0.5-1% of the  initial loan rate, and the maximum loan amount is increased to 120%.  Furthermore, in case of loss of work capacity or property damage, it  is the borrower who receives the compensation, not the Bank," stated  Armen Gasparyan, Strategic Development Director at Ardshinbank.

In addition, loans by pledge of real estate give an opportunity to  earn 5% cashback bonus from the interests already paid on the  schedule.

More information on property secured loans can be found at  www.ardshinbank.am by calling (012) 22 22 22 or by using the "Call  Back" service.

According to the Financial Rating of the Armenian Banks as of July 1,  2017, prepared by IA ArmInfo, Ardshinbank is in the TOP-3 by the main  balance indicators: total capital - 62.8 billion drams (annual growth  of 22.4%), assets - 507.5 billion drams (annual growth by 12.1%),  credit investments - 361.6 billion drams. In the loan portfolio of  the Bank, the share of retail loans reaches 27% or 97.4 billion drams  (an annual growth of 13.5%). The first half of the year, 2017,  Ardshinbank completed with a net profit of 3.1 bln drams, 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.

POST A COMMENT
Input digits     


News
Moldova bans FlyOne Armenia operations in country Moldova bans FlyOne Armenia operations in country 
In Armenia`s insurance market  premiums started to decrease and  compensations are losing their growthIn Armenia`s insurance market  premiums started to decrease and  compensations are losing their growth
In 2024, foreigners purchased only 2.7% of real estateIn 2024, foreigners purchased only 2.7% of real estate
Opening of  Opening of  "Zangezur corridor" aligns with France`s interests in  Central Asian uranium - expert
Acquisition of the Acquisition of the "Metropolis" Shopping Mall in Moscow by an  Armenian company has become one of the largest investments in the  Eurasian region
Acba Bank to start public placement of its AMD bonds on February 20Acba Bank to start public placement of its AMD bonds on February 20
Universal Income Declaration: what happened has little in common with  what was intended - David AnanyanUniversal Income Declaration: what happened has little in common with  what was intended - David Ananyan
Armenia`s high-tech minister meets with UAE Minister of State for  Defense Affairs in Abu Dhabi Armenia`s high-tech minister meets with UAE Minister of State for  Defense Affairs in Abu Dhabi 
Yerevan one of most expensive cities  - NumbeoYerevan one of most expensive cities  - Numbeo
Armenian vice-premier, head of EBRD Armenia office discuss road,  water-supply system construction projects Armenian vice-premier, head of EBRD Armenia office discuss road,  water-supply system construction projects 
423 Armenian truck in queue at Upper Lars checkpoint423 Armenian truck in queue at Upper Lars checkpoint
Russian vice-premier offers Caspian Five to analyze closer ties with  EAEURussian vice-premier offers Caspian Five to analyze closer ties with  EAEU
ZCMC started implementing a new payroll system for production  employeesZCMC started implementing a new payroll system for production  employees
Armenia, UAE agreed to collaborate on space technology projectsArmenia, UAE agreed to collaborate on space technology projects
Russian money flowing back. What awaits  Armenia`s economy? -Aghasi  TavadyanRussian money flowing back. What awaits  Armenia`s economy? -Aghasi  Tavadyan
Attempts to advance programs in logic of extraterritorial corridor  have veiled agenda and territorial claims  - Armen SimonyanAttempts to advance programs in logic of extraterritorial corridor  have veiled agenda and territorial claims  - Armen Simonyan
Armenia`s Ministry of Economy proposes subsidizing ensurance premiums  for 2025 agricultural year Armenia`s Ministry of Economy proposes subsidizing ensurance premiums  for 2025 agricultural year 
Armenia`s tourism potential to be presented in Spain, Germany,  Russia, UAE, UKArmenia`s tourism potential to be presented in Spain, Germany,  Russia, UAE, UK
Armenia`s Ministry of Economy to allocate AMD 15bln to compensate for  customs duties paid by processing enterprises for exports EU  countries, UKArmenia`s Ministry of Economy to allocate AMD 15bln to compensate for  customs duties paid by processing enterprises for exports EU  countries, UK
Access to communications of strategic importance for Armenia`s  economy - Hakob ArshakyanAccess to communications of strategic importance for Armenia`s  economy - Hakob Arshakyan
Lars closed for transport Lars closed for transport 
Upper Lars checkpoint closed for transport Upper Lars checkpoint closed for transport 
Pashinyan: From January 1 to present, 1,625 people received  reimbursement for social expensesPashinyan: From January 1 to present, 1,625 people received  reimbursement for social expenses
Can all expenses on education and sports in Armenia be reimbursed  within the framework of the <social credit> programCan all expenses on education and sports in Armenia be reimbursed  within the framework of the program
Profits of Armenia`s insurance sector go on decreasing Profits of Armenia`s insurance sector go on decreasing 
Armenia ready to take active part in coping with information security  challenges Armenia ready to take active part in coping with information security  challenges 
Armenia`s minister of high-tech industry, WB reps discuss expansion  of cooperationArmenia`s minister of high-tech industry, WB reps discuss expansion  of cooperation
Armenia runs out of 81% of duty-free import of electric vehicles by  persons without distribution agreements Armenia runs out of 81% of duty-free import of electric vehicles by  persons without distribution agreements 
USD transactions down, RUB ones up in Armenia`s interbank foreign  exchange market, Feb 10-14USD transactions down, RUB ones up in Armenia`s interbank foreign  exchange market, Feb 10-14
Armenian wine showcased in France - Wine Paris 2025Armenian wine showcased in France - Wine Paris 2025
In 2024, Armenia`s population increased, however, the entry-exit  balance remained negativeIn 2024, Armenia`s population increased, however, the entry-exit  balance remained negative
KardaLove 2024: AraratBank is the Main Sponsor of the Book FestivalKardaLove 2024: AraratBank is the Main Sponsor of the Book Festival
Armenia to implement subsidy program for real fruit vodka  production  Armenia to implement subsidy program for real fruit vodka  production  
RA State Revenue Committee on procedure of temporary import of  personal vehiclesRA State Revenue Committee on procedure of temporary import of  personal vehicles
326 trucks from Armenia at Upper Lars check-point 326 trucks from Armenia at Upper Lars check-point 
South Caucasus Railway sets discount price for  Yereavn-Tbilisi-Yerevan train tickets South Caucasus Railway sets discount price for  Yereavn-Tbilisi-Yerevan train tickets 
Armenia`s government discusses 2025-2029 framework partnership  programme with WBArmenia`s government discusses 2025-2029 framework partnership  programme with WB
Ameriabank absolute leader in car-purchase lending Ameriabank absolute leader in car-purchase lending 
AraratBank Receives Prestigious Partner of the Year Award from Ria Money TransferAraratBank Receives Prestigious Partner of the Year Award from Ria Money Transfer
Armenia`s Ministry of Finance harmonizing laws with premier`s  statements Armenia`s Ministry of Finance harmonizing laws with premier`s  statements 
Armenia, India considering joint research and developmentArmenia, India considering joint research and development
No calculations on energy consumption available in Armenia as basis  for energy generating facilities - expertNo calculations on energy consumption available in Armenia as basis  for energy generating facilities - expert
Armenia joins Interreg Next development programme of Black Sea basinArmenia joins Interreg Next development programme of Black Sea basin
2024 year of radical electric energy reforms 2024 year of radical electric energy reforms 
Armenia needs conditions for solar, hydro energy to be basic -  ex-official Armenia needs conditions for solar, hydro energy to be basic - ex-official
Armenia needs new 600MW nuclear unit - ex-official Armenia needs new 600MW nuclear unit - ex-official 
Central Bank Governor: We are trying to establish new systems capable  of addressing new challengesCentral Bank Governor: We are trying to establish new systems capable  of addressing new challenges
Armenia eventually will phase out the turnover tax - Prime MinisterArmenia eventually will phase out the turnover tax - Prime Minister
Viva Armenia issues its first bonds worth $80 million, with  Ameriabank  as  underwriterViva Armenia issues its first bonds worth $80 million, with  Ameriabank  as  underwriter
Expert: Closing Metsamor NPP without constructing a new one would be  disastrous for ArmeniaExpert: Closing Metsamor NPP without constructing a new one would be  disastrous for Armenia
Greater administrative liability for late submission of fnancial  reports to be in effect in Armenia Greater administrative liability for late submission of fnancial  reports to be in effect in Armenia 
Armenian NA approves amendments to Law on Budget System Armenian NA approves amendments to Law on Budget System 
Real estate prices to remain unchanged in Armenia in 2025 Real estate prices to remain unchanged in Armenia in 2025 
Armenia`s high-tech exports saw a slight increase in 2024Armenia`s high-tech exports saw a slight increase in 2024
Roman Khudoliy: We affirm our unwavering commitment to adhering and  implementing decisions made by companyRoman Khudoliy: We affirm our unwavering commitment to adhering and  implementing decisions made by company
Pashinyan attends plenary session of Artificial Intelligence Action  Summit in ParisPashinyan attends plenary session of Artificial Intelligence Action  Summit in Paris
About 900 approved applications for participation in bad loan  repayment programme in Armenia About 900 approved applications for participation in bad loan  repayment programme in Armenia 
Armenia`s ministry of economy proposes bill to rule out duty-free import of electric vehicles Armenia`s ministry of economy proposes bill to rule out duty-free import of electric vehicles 
Armenia`s savings funds used ineffectively - MPArmenia`s savings funds used ineffectively - MP
Armenia to cooperate with French companies in AI ecosystem  development Armenia to cooperate with French companies in AI ecosystem  development 
Read more
Exchange rates
19.02.2025
RUB4.390.04
USD395.72-0.51
EUR412.42-2.20
GBP498.21-0.92
CAD278.60-0.59
JPY26.08-0.03
CNY54.31-0.12
CHF437.79-1.83