Tuesday, November 7 2017 16:15
Karine Melikyan

Ardshinbank improved conditions for loans secured by real estate - reduced rate and increased loan size

Ardshinbank improved conditions for loans secured by real estate - reduced rate and increased loan size

ArmInfo. Ardshinbank offers  natural persons loans to individuals on security of real estate on  improved terms - the interest rate has been reduced and the size of  the loan has been increased, and for bona fide borrowers 5% cash-back  operates. As the press service of the Bank explained to ArmInfo, for  AMD credits of this class, now the annual rate starts at 14%, for USD  loans - from 12% and for EUR - from 10%.

According to the source, henceforth, clients on this type of loan are  able to get a loan of up to 40 million AMD, up to $ 80 thousand, up  to 70 thousand EUR, regardless of where the real estate is located -  in the region or in Yerevan (in the center or on the periphery of the  capital). For this type of loan there is another advantage - a refund  on real estate insurance and from accidents gets the borrower.

The bank recalls that for borrowers who repay their loans secured by  real estate, 5% cash-back is valid.

For more information on loans secured by real estate, please visit  the official website of the bank www.ardshinbank.am, or by calling  the number (012) 222222, or by using the "Callback" service on the  bank's website.

According to the Financial Rating of the Armenian Banks, as of  October 1, 2017, prepared by NA ArmInfo, Ardshinbank is in TOP-3 on  the main balance sheet indicators: total capital - 64.2 billion drams  (annual growth of 21%), assets - 501.6 billion AMD (annual growth of  13 , 5%), credit investments and other loans - 340.4 billion.  Corporate loans dominate the loan portfolio of the Bank, but the  retail portfolio is almost as fast as the growth rate. In the loan  portfolio of the Bank, about 20% is accounted for by the share of  consumer loans, in terms of which the second position on the market  is held. Under mortgage loans Ardshinbank holds the 1st position,  ensuring high annual growth rates of absolute value. With consumer  loans secured by real estate, Ardshinbank is included in the TOP-5,  also ensuring high annual growth rates.  9 months of 2017 Ardshinbank  completed with a net profit of 4.5 billion drams, having increased  this indicator by 29.8% 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%. Ardshinbank is the only private institution in Armenia that  has been assigned ratings of two international rating agencies  (Moody's and Fitch), equal to the rating of the Republic of Armenia. 

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

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USD

Цена откр.

482,00

Цена закр.

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Ср/взв. Цена

482,00

-0.16

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