ArmInfo.Within the framework of program "National Mortgage Company" UCO CJSC for the mortgage loans offer 10,5%- 11,5% annual interest rates.
Within the framework of program "House for Youth" UCO CJSC for the mortgage loans offer 7%-7,5% annual interest rates (In case of acquisition of real estate in Yerevan, the RA Ministry of Finance subsidizes 2%, and in case of acquisition of real estate in the regions of RA - 4%).
According to the Financial Rating of Armenian Banks as of April 1, 2018, prepared by IC ArmInfo, the volume of mortgage loans of Armswissbank amounted to 6.5 billion drams or $ 13.6 million with annual growth of 27.3%. The share of Armswissbank in total mortgage loans for the market exceeds 3%, and in its own general loan portfolio, mortgage accounts for 9.5%.
To recall, that "Armswissbank" CJSC was established on October 7, 2004. Armswissbank is the leading Armenian bank providing underwriter, market maker services, and depository services. The Bank is an active participant in the primary and secondary securities markets. 80% of Armswissbank is held by HVS Holding LLC, managed by Vardan Sirmakes and registered in Luxembourg, and the remaining 20% belongs to the company controlled by Vardan Sirmakes, BELEGINGSMACHEPIJ JONGO LLC, registered in the Netherlands.
