ARMBUSINESSBANK – THE MOST ACTIVE PARTICIPANT IN KFW MORTGAGE PROGRAMME IN THE FIRST QUARTER 2009

ArmInfo
2009-04-21 15:43:00

ArmInfo. According to the results of the first quarter 2009
Armbusinessbank – is the most active participant in the German KfW
bank’s mortgage programme on development of stable market of housing
financing, head of KfW office in Armenia, Karapet Gevorkyan, told
ArmInfo correspondent.

He also added that ARARATBANK occupied the second place, Universal
Credit company "First Mortgage Company" – the third, Inecobank – the
forth and Universal Credit company "Washington Capital" – the fifth
place. The total of 11 organizations were registered to take part
in this programme, including 9 banks and 2 credit companies. Within
the frames of the programme 10 years were fixed as minimal credit
repayment term, and minimal size of prepayment rose from 30% up to 50%
of the house bought.