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UNIBANK STARTS GRANTING AUTO LOANS FOR 5 YEARS AT 14-15% ANNUAL RATE
ArmInfo
2009-08-05 13:20:00
ArmInfo. Unibank starts implementing a new programme on extension of
dram auto loans for 5 years. As Unibank's press service told ArmInfo,
the maximum size of the credit has been fixed at 7 mln drams, the
minimum prepayment size is 20% and the annual rate - 15%.
According to the source, 14% annual interest rate is fixed in case of
over 40% prepayment on auto loans. Moreover, the borrower is enabled
to repay the loan in advance.
To recall, as of April 1, 2009, Unibank held the second position in
the banking system by the volume of auto loans with 9.5 bln drams or
21% of the total volume of auto loans of the banking system.
To note, the assets of Unibank grew by 20,3% over the first half year,
2009, and reached 76.3 bln drams by July 1. Over 60% in their structure
(46.2 bln drams) fell on credit investments which grew by 13,77%
over the first half year. The bank's total capital over this period
grew by over 37% and reached 11.317 bln drams by July 1. The bank's
liabilities increased by 17,5% over the first half year to 65 bln
drams. 66% in their structure or 43 bln drams fell on fixed deposits,
and on-demand deposits made up 7 bln drams. Unibank completed the
first half year, 2009, with 297.5 mln drams of profit.
ArmInfo
2009-08-05 13:20:00
ArmInfo. Unibank starts implementing a new programme on extension of
dram auto loans for 5 years. As Unibank's press service told ArmInfo,
the maximum size of the credit has been fixed at 7 mln drams, the
minimum prepayment size is 20% and the annual rate - 15%.
According to the source, 14% annual interest rate is fixed in case of
over 40% prepayment on auto loans. Moreover, the borrower is enabled
to repay the loan in advance.
To recall, as of April 1, 2009, Unibank held the second position in
the banking system by the volume of auto loans with 9.5 bln drams or
21% of the total volume of auto loans of the banking system.
To note, the assets of Unibank grew by 20,3% over the first half year,
2009, and reached 76.3 bln drams by July 1. Over 60% in their structure
(46.2 bln drams) fell on credit investments which grew by 13,77%
over the first half year. The bank's total capital over this period
grew by over 37% and reached 11.317 bln drams by July 1. The bank's
liabilities increased by 17,5% over the first half year to 65 bln
drams. 66% in their structure or 43 bln drams fell on fixed deposits,
and on-demand deposits made up 7 bln drams. Unibank completed the
first half year, 2009, with 297.5 mln drams of profit.