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Armenian Unibank launches new car credit campaign with 8% prepayment

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  • Armenian Unibank launches new car credit campaign with 8% prepayment

    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--
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