Armenian Unibank launches new car credit campaign with 8% prepayment

YEREVAN, March 7. /ARKA/. The Armenian Unibank has launched a new
campaign of car credits with 8% prepayment (against usual 15%) on the
occasion of women’s days (March 8-April 7).

The credit’s annual percentage rate is 15% (against 16%), the credit
period being seven years (against six years).
The Unibank CJSC was established in 2001. The bank’s 50% shareholder is
the Uniastrum Asset Management Ltd.

The Unibank’s assets amounted to AMD 45.6bln with AMD 7bln total
capital on December 31, 2007. The bank’s net profit was AMD 350.6mln,
the balance sheet profit being over AMD 1.1bln in the reporting period.

The Unibank’s credit portfolio totals AMD 29.5bln, loans against cars
totaling AMD 4.6bln. ($1 – AMD 308.69). `0–