ArmInfo.Ameriabank offers individuals favorable conditions when purchasing and installing solar panels on credit. This was announced by the Director of Retail Banking of Ameriabank Arman Barseghyan during the online press conference held the day before, reminding that this program was launched a month ago.
The banker noted that loans for the purchase of solar panels, according to the requirement of the law, are issued in drams. The interest rate on these loans ranges from 12% to 14% per annum. "This rate is very attractive for consumer lending, and is due to the fact that the bank attracts relatively cheap financial resources for such purposes," he said.
In this connection, A. Barseghyan stressed that with the increase in demand for this service, the volumes of crediting will also increase.
"Unfortunately, the technology of solar panels came to the Armenian market late, while in other countries for many years it has been in high demand. We have just started to invest in this direction. But I am sure that we will be able to fill this gap in a short time because already quite high activity is already observed, "the banker concluded.
According to the Financial Rating of Banks of Armenia as of July 1, 2018, prepared by ArmInfo IC, in the loan portfolio of Ameriabank retail loans account for about 16% or 77.8 billion AMD ($ 161.3 million, 5th position) with an annual growth of 61.5%. The share of consumer loans accounts for almost 9% of the loan portfolio of the Bank, or 45.4 billion drams ($ 87.8 million), with an annual growth of 74.6%. The first half of 2018, the Bank completed with a net profit of 5.9 billion drams ($ 12.3 million, 1st position), ensuring an annual growth of 77.4%.
Note that Ameriabank has been operating on the Armenian market since October 31, 1996. Shareholders of Ameribank on July 1, 2018 are Ameria Group CY Ltd. - 56.6%, EBRD - 17.8%, Asian Development Bank - 13.98%, ESPS Holding Limited - 11.62%. Ameriabank has a branch network of 16 subdivisions, of which 10 are metropolitan and 6 are regional.