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Armbusinessbank - The Most Active Participant In KfW Mortgage Progra

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  • Armbusinessbank - The Most Active Participant In KfW Mortgage Progra

    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.
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