Converse Bank increased the volume of mortgage loans in the 1st quarter of 2017.  

The bank reports that as of June 1, loan portfolio under Affordable Housing for Young Families grew by 29,7%, energy efficiency loans under National Mortgage Company programs - by 15,5% and property purchase, renovation and construction loans (NMC) - by 9,1%.

“The increase of lending has become possible due to competitive terms of financing offered by Converse Bank,” the statement reads.

In particular, the bank issues loans to the maximum amount of up to AMD 17.5 million under Affordable Housing for Young Families program with 15-year maturity and 9% annual interest rate, of which the Bank subsidizes 2% in Yerevan and 4% in marzes.

In addition, Converse Bank issues loans to the maximum amount of AMD 25 million under National Mortgage Company programs with 20-year maturity at most and 11% annual interest rate.

“Financing facilities of 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+),” the bank remarks.