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As at 01.06.2017, the volume of Converse Bank CJSC loans issued under the programs of National Mortgage Company and Affordable Housing for Young Families grew significantly versus year beginning, Converse Bank’s press service reports.

Particularly, the loan portfolio under the Affordable Housing for Young Families grew by 29.7%, the portfolio of energy efficiency loans under National Mortgage Company programs grew by 15.5% and the portfolio of property purchase, renovation and construction loans (NMC) grew by 9.1%.

“The increase of lending has become possible due to competitive terms of financing offered by Converse Bank CJSC. Specifically, under the Affordable Housing for Young Families program, the Bank issues loans to the maximum amount of up to AMD 17.5M at 15-year maturity and at 9% annual interest rate, of which the Bank subsidizes 2% in Yerevan and 4% in marzes,” as told in the Bank.

Parallel to it, the Bank issues loans to the maximum amount of AMD 25M at 20-year maturity at most and at 11% annual interest rate under the National Mortgage Company programs.

Financing facilities disbursed under the National Mortgage Company program allow the customers to improve housing conditions, save energy by thermal insulation of the house, as well as purchase  household appliances of high energy efficiency classes (above A+)”, as told in the Bank. They underlined that the lending terms offered by Converse Bank CJSC for the aforesaid loans were one of the best terms proposed in Armenia.