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Exclusive offers and a mortgage portfolio of 365 billion drams: Ameriabank participates in TOON Expo exhibition in Yerevan
... market, is participating in the largest and most comprehensive real estate and construction exhibition, TOON Expo, from March 27-29. This year, the exhibition has an investment focus. At Ameriabank's stand, visitors will be offered a wide selection of mortgage loans on preferential terms, including loans for residential and commercial real estate purchases, renovations and construction, government-backed mortgages, and mortgages for compatriots from the diaspora. About 200 companies from real estate,...
03/27/2026Euromoney Names Ameriabank Armenia’s Best Bank for Real Estate for the Second Year in a Row
... Bank of Armenia for Real Estate for 2025 for the second year in a row. Ameriabank was granted this prestigious award for a number of innovative solutions launched during the reporting period, which significantly streamlined the process of getting a mortgage loan and provided enhanced access to credit. It is noted, that Ameriabank maintains a leading position in the Armenian mortgage market for seven consecutive years, with a market share standing at about 23% (as of September 30, 2025). Euromoney ...
12/02/2025Ardshinbank Offers 3% Cashback on Mortgage Loan Refinancing
Ardshinbank offers individuals who have mortgage loans in other banks to transfer these loans to Ardshinbank on more favorable terms and receive a 3% cashback from the loan balance. YEREVAN, October 13. /ARKA/. Ardshinbank offers individuals who have mortgage loans in other banks to transfer ...
10/13/2025Validity of housing certificates for Artsakh refugees extended until the end of 2028 - Armenia's Ministry of Social Affairs
... an apartment (the right to purchase an apartment in a building under construction) or an individual residential building, 2) issuance of a certificate for the construction of an individual residential building, 3) assistance in repaying an existing mortgage loan. The program provides 3 to 5 million drams per family member. Families eligible for assistance include those who: * were forced to leave their homes after September 27, 2020, * are citizens of the Republic of Armenia, * do not own property,...
09/23/2025Ameriabank unveils exceptional mortgage offers at TOON EXPO in Yerevan
... /ARКА/. Ameriabank is offering remarkable mortgage conditions specifically for attendees of the Yerevan real estate exhibition, TOON EXPO. "Individuals who visit the Ameriabank pavilion on September 5, 6, and 7 will have the opportunity to obtain mortgage loans at a nominal interest rate of 12% (with an actual rate of 12.67%)," stated Vahram Gevorgyan, head of tribe-long-term banking at Ameriabank. He further explained that Ameriabank is participating in TOON EXPO as a frontrunner in the ...
09/05/2025Ardshinbank Launches "How to Become a Millionaire" Raffle
From September 1 to December 1, Ardshinbank is holding the “How to Become a Millionaire” lottery for customers who receive a mortgage loan. YEREVAN, September 3. /ARKA/. From September 1 to December 1, Ardshinbank is holding the “How to Become a Millionaire” lottery for customers who receive a mortgage loan. The promotion applies to loans for purchasing an apartment ...
09/03/2025Ameriabank Leads Mortgage Market with More Than 22% Share
Ameriabank retains leadership in the banking sector of Armenia by mortgage loan portfolio, with 22.6% market share (June 30, 2025). YEREVAN, August 27. /ARКА/. Ameriabank retains leadership in the banking sector of Armenia by mortgage loan portfolio, with 22.6% market share (June 30, 2025). In H1 2025, the bank’s ...
08/27/2025Unibank pays AMD 7.8 billion dividends to shareholders
... bank actively worked in the direction of mortgage lending, including under state programs. Unibank became one of the key participants in the state support program for housing affordability for the people forcibly displaced from Artsakh. In 2024, the mortgage loan portfolio almost doubled. Small and medium businesses, as one of the key drivers of economic growth, are traditionally in the center of our attention. As of the end of 2024, the volume of the corporate loan portfolio increased by 35%. Thanks ...
07/02/2025Ameriabank joins TOON EXPO to be held first time in Moscow
... of the Lifetime Banking Tribe at Ameriabank. During the three-day expo, attendees will have the opportunity to explore Ameriabank’s mortgage offerings on-site and, if they wish, immediately submit an online application. Ameriabank has tailored a mortgage loan specifically for our compatriots living in the Diaspora . They can apply online for the purchase, renovation, or construction of real estate anywhere in Armenia, irrespective of their country of residence or location. There is no requirement ...
06/11/2025Winner of “My Ameria, My Home” draw highlights benefits of Ameriabank
... apartment won by the raffle participant was previously included in the MyHome ecosystem, which offers real estate from both the primary and secondary markets. Real estate can be financed with an online mortgage. The process for approving a primary-market mortgage loan takes just 5 minutes. MyHome allows you to review the best market offers, calculate possible loan payments, choose an apartment, apply for a loan, and, if approved, finalize it in minutes,” said Vahram Gevorkyan, Head of Long-Term Banking ...
03/28/2025Social expenses: who and how can use them in Armenia
... package, they cannot personally use compensation for social expenses related to healthcare. Instead, they can only use it for acquiring an insurance package for family members. If the citizen submitting the declaration is claiming income tax returns for a mortgage loan, education fees, or dividends, the compensation for social expenses will be granted only if there is a positive difference between the amount of income tax calculated and/or paid (including by the tax agent) for the reporting year and the ...
01/20/2025Ameriabank Named Armenia’s Best Bank for Real Estate by Euromoney
... improving the sector through technological advances and sustainability initiatives. According to Euromoney, Ameriabank achieved notable growth in its real estate business in Armenia during the review period from June 2023 to June 2024. The bank’s gross mortgage loan portfolio grew by 25.3% to AMD 233.2 billion (US$600 million), capturing a 21.3% share of the Armenian mortgage market as of June 2024. The publication highlights that this success is closely tied to the growth of MyHome.am , the digital ...
11/29/2024Ameriabank's exclusive offers: MyHome platform and preferential loans
... long-term relationships with our property developers. Today we have developed a favourable offer that will enable TOON EXPO participants to purchase their dream home at a lower rate and on lower price conditions,’ Aghayan said. Your Home in Armenia: mortgage loan for Diaspora Armenians Regardless of their country of residence, Diaspora compatriots can apply for Ameriabank's mortgage loan and buy, renovate or build a house in any part of Armenia. The loan is provided irrespective of the applicant's ...
10/25/2024Ameriabank leads Armenia's mortgage market with 22% share and a portfolio of over AMD 285bn
Ameriabank has been the leading bank in Armenia in recent years in terms of mortgage loan portfolio holding 22 per cent of the market, Ameriabank's Head of Long-Term Banking Services Vahram Gevorgyan told reporters on Friday. YEREVAN, 25 October. /ARKA/. Ameriabank has been the leading bank in ...
10/25/2024Armenian government approves procedure for assisting refugees in acquiring or constructing housing
... dwelling. Besides, when building a residential house, citizens will have to choose from pre-prepared standard projects. At the first stage, families with three or more minor children (in case of building a house - with two or more) and families with a mortgage loan) will become beneficiaries. In the second phase, which will begin no later than 1 January 2026, beneficiaries will be families with two or more minor children (one or more in the case of house construction). In the third phase, which will ...
06/14/2024Armenian Deputy Prime Minister presents details of assistance to refugees from Karabakh who decided to get citizenship
... month - from 15 July - applications can also be submitted by those who want to use financial assistance for the construction of a new house or flat, and applications for the third component - financial assistance to persons repaying a previously taken mortgage loan - will be accepted from 1 August. "The main condition for all three components is that the applicants have Armenian citizenship," he said. At the same time, the Deputy Prime Minister explained that 2,000 forcibly displaced residents ...
05/24/2024Your home is in Armenia – Ameriabank offers mortgage loans for the Diaspora
Ameriabank offers mortgage loans for our compatriots in the Diaspora. To buy real estate in Armenia, our compatriots in the Diaspora can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia, regardless of their country of residence and current ...
05/21/2024Ameriabank remains the leader in Armenia's mortgage market with 21% share
Ameriabank remains the absolute leader in the Armenian banking sector in terms of mortgage loan portfolio with a 21.3% share as of December 31, 2023. YEREVAN, February 16. /ARKA/. Ameriabank remains the absolute leader in the Armenian banking sector in terms of mortgage loan portfolio with a 21.3% share as of December 31, 2023....
02/16/2024Armenian government increases the amount of subsidies to servicemen to buy housing
... reallocate the budget of the Defense Ministry and release additional funds to finance a program developed to help the military personnel buy housing. The amount of the government support will be raised from average 2 million 237,000 drams (10% of a mortgage loan sought by career army officers and contract servicemen) to the fixed amount of 2.5 million drams. In addition, the amount of interest rate subsidized by the government will be raised from 3% to 5%. -0-
12/07/2023Living on credit: the path of losers or the privilege of the rich?
.... If you do not want to report on the purpose of the loan and want to dispose of the money at your own discretion, then a non- purpose loan is suitable. But note that the interest rate in this case will be higher and the repayment period shorter. A mortgage loan is a suitable tool for buying a home. Buying a home requires a lot of money, which is not available to everyone, even those who systematically make savings. Therefore, in this case, turning to the bank is justified. The rate on mortgage ...
11/15/2023First in Armenia: Ameriabank’s Mortgage Portfolio Goes Past AMD 200B
For around 6 years, Ameriabank has retained absolute leadership in the Armenian banking sector by mortgage loan portfolio. . YEREVAN, August 31. /ARKA/ For around 6 years, Ameriabank has retained absolute leadership in the Armenian banking sector by mortgage loan portfolio. In H1 2023, Ameriabank’s mortgage portfolio increased by more than ...
08/31/2023Government allocates 450 million drams for housing programs
... first installment (23 million drams) and 955 beneficiaries received assistance after having a child (982.7 million drams). The government assistance programs include one-time financial assistance for the construction of a house or registration of a mortgage loan for the purchase of housing in the provinces; Assistance is also provided to families that apply for a mortgage loan. It can be used to pay the annual insurance and one-time assistance is provided to families after the birth of a child to ...
08/25/2023Low-income families in border villages will build 550 houses with government support
... the program is to boost sustainable development of border rural areas with a focus on solving the housing problems of poor families and families with low income. 'Obviously, if a family has no income, the chances of getting a government- subsidized mortgage loan from a bank are almost zero," she said. According to Karagyozyan, about 466 million drams will be allocated from the Armenian state budget in 2023 for this program, enough to co-finance construction of 300 houses and about 1.5 billion ...
04/28/2023Some 930 families in Armenia received assistance to buy or build homes
... Labor and Social Affairs reported. It said as of April 17, about 645 million drams have been provided as assistance under the programs. The beneficiaries of these programs are families with children who bought an apartment with a mortgage or received a mortgage loan for the construction of a house. Under the first program, a lump-sum cash support is provided for the purchase of an apartment with a mortgage or for the construction of a house in the regions. Under the second program, a beneficiary buying ...
04/17/2023Pashinyan says Armenia ends 2022 with double-digit economic growth
... including with the support of the Government. In 2022, we refunded 36.5 billion drams of income tax to the families purchasing apartments, in addition to 22.7 billion drams of the previous year. In addition, thousands of young families benefited from mortgage loan support programs for the birth of a baby. In 2022, the amount of support under this program reached 2.1 billion drams. More than 10,000 third and every subsequent child receives 50,000 drams monthly assistance from the state, over 10.000 ...
01/03/2023Some 32.6 billion drams of income taxes refunded to citizens of Armenia in 2021 - Finance Minister
... drams of income taxes were refunded to citizens of Armenia in 2021, Finance Minister Tigran Khachatryan said at Wednesday's parliamentary session. Khachatryan specified that 22.7 billion drams of income tax were refunded to citizens for repayment of mortgage loan interest, which was 9.4 billion drams or 70 percent more than in 2020 and another 9.4 billion drams were refunded to students who were issued education loans. Also, 270 million drams were refunded as interests on education loans to working ...
06/15/2022Unibank unveils new mortgage loan designed for buyers of apartments in Diamond Hills complex
Unibank has announced today a special mortgage loan designed for those who want to buy an apartment in Yerevan's Diamond Hills premium-class housing complex. YEREVAN, March 23. /ARKA/. Unibank has announced today a special mortgage loan designed for those who want to buy an apartment in ...
03/23/2022VTB Bank Armenia customers can apply for a tax refund for a mortgage loan remotely
Starting from January 1, 2022, the process of income tax refund for interest paid on mortgage loans will be carried out by a new remote scheme, according to a new decision of the Armenian government, the press service of VTB Bank Armenia reported. YEREVAN, December 28. /ARKA/. Starting from January 1, 2022, the process of income tax ...
12/28/2021VTB Bank (Armenia) offers preferential terms for purchase of house in Komitas Park residential complex
... (Armenia) has unveiled today preferential terms for the purchase of real estate in the Komitas Park multifunctional residential complex in the administrative district of Arabkir in the capital Yerevan. The bank said it began accepting applications for mortgage loans for the purchase of housing directly from the developer under a government program designed for civil servants, providing them with the right to use their income tax to cover interests on mortgages. Clients who, as a result of the draw,...
10/15/2021Public servants in Armenia allowed to spend their social package money on swimming pools and gyms
... He also noted that beneficiaries spend about 60% of the social package on recreation. According to Sargsyan, the social package money is not enough to pay the rent of apartment, however, the opposition MPs retorted that it is not enough to repay the mortgage loan either, although the law allows it. Sargsyan stressed that the changes would not require additional government spending, but would only provide the beneficiaries of social packages with the right to spend the accumulated funds on other purposes....
10/06/2021Armenian parliament allows public servants to spend their social package money on swimming pools and gyms
... beneficiaries of social packages with the right to spend the accumulated funds on other purposes. MP from the ruling Civil Contract faction Zaruhi Batoyan noted that until now the beneficiaries could use the social package money to pay for recreation, repay a mortgage loan, their children’s tuition fees and healthcare costs. - 0--
10/05/2021Converse Bank is among the leaders by mortgage loan portfolio
... YEREVAN, August 27, /ARKA/. Based on the results of 1 st half-year 2021, Converse Bank’s mortgage portfolio reached AMD 51B and grew by 11.2% vs. the same period in the past year, the Bank said today in a press release. According to it, the growth of mortgage loan portfolio under various programs is particularly remarkable. The volumes of loans refinanced by Home for Youth Program and National Mortgage Company have increased approximately 6 times in the recent 4-5 years. Converse Bank issues mortgage ...
08/27/2021VTB Bank (Armenia) doubles mortgage loan portfolio
As a leading bank in Armenia's mortgage lending market, VTB Bank (Armenia) keeps on developing one of the most popular products having doubled its mortgage loan portfolio over the past few years, increasing simultaneously the mortgage lending by 7 times, the press service of the bank reported today. YEREVAN, June 3. /ARKA/. As a leading bank in Armenia's mortgage lending market, VTB Bank (Armenia) ...
06/03/2021VTB Bank (Armenia) joins government-designed mortgage lending program
... to families with at least one child to receive a refund of 90% of the annual insurance premium on a mortgage lending, issued for insuring the prepayment. The refund amount is up to 180 thousand drams. The third component is for families with a valid mortgage loan. At the birth of a child, the state pays part of the borrower's principal debt, if the history of servicing the loan meets the requirements of the state program. The maximum amount of assistance is no more than 4 million drams depending ...
09/02/2020VTB Bank (Armenia) offers beneficial lending for purchase of apartments in Davidashen City residential complex
... 12.65% -15%). The initial loan decision is made within 1.5 working days. Within the framework of this program, the bank provides personal insurance of the property and the borrower during the whole term of the loan. "Customers can apply for a mortgage loan at VTB Bank (Armenia) Mortgage Center, which is the first in the Armenian banking market in terms of format, offering a completely new trend of services in the mortgage market. Individual approach to each client, pleasant atmosphere, hospitality,...
08/14/2020VTB Bank (Armenia) launches the first in Armenia Mortgage Center
... platform that combines all services related to the purchase of housing on a turnkey basis,' the bank said. "In the new, convenient and modern Mortgage Center of VTB Bank (Armenia), one can not only choose an apartment from developers and apply for a mortgage loan on the spot, but also get a loan for home construction and repair, consult with a designer, an insurance agent, as well as arrange consumer and POS-loans with a special discount from partners for equipping their homes with furniture and ...
07/31/2020Armenian president signs into law a bill that increases dramatically property taxes
... of the law can lead to an increase in the tax burden of citizens. Pensioners, large families, single parents who have inherited houses and apartments or received them as a gift and who now have no income, as well as owners of real estate bought by a mortgage loan and other citizens, will suffer most. “Unfortunately, according to the Constitution, the President of the Republic has no right to veto the bill and return it for further discussion to the National Assembly with his objections and proposals....
07/01/2020“We are not going to stop on current achievements,” Inecobank CEO Aren Naltakyan
... and net profit. These are, probably, the most important indicators for investors. On the other hand, we have exciting developments in the spheres of both retail and corporate business banking. It’s noteworthy that in retail banking, particularly in mortgage loan portfolio we have had a record growth of almost 90%, as a result of which the Bank is currently ranked the 4th and, we have targeted to become the leader in that market in the near future. At the same time, we are ranked the 3rd in the market ...
03/11/2020VTB Bank (Armenia) cuts again mortgage loan interest rates
VTB Bank (Armenia) has one more time cut the interest rates on mortgage loans making purchase of real estate more available for its customers, the bank’s press service reports. YEREVAN, February 21. /ARKA/. VTB Bank (Armenia) has one more time cut the interest rates on mortgage loans making purchase of real ...
02/21/2020VTB Bank (Armenia) unveils improved mortgage lending terms
VTB Bank (Armenia) has unveiled today improved terms for obtaining a mortgage loan, saying it has lowered the down payment up to 3% of the cost of the property enabling clients both in the capital city Yerevan and beyond it to become owners of homes. YEREVAN, December 4. /ARKA/. VTB Bank (Armenia) has unveiled today ...
12/04/2019Fitch upgrades Armenia to 'BB-'; outlook stable
... (USD400million) of the Eurobond maturities coming due next year, hence removing short-term refinancing risk. The banking sector is well-capitalised but profitability is low and loan growth remains high, at 15.4% yoy at September-end 2019, boosted by mortgage loan and consumer lending. This partly reflected a decrease in the informal economy, higher household real income and increased risk appetite from banks given pressures on profitability. Asset quality is strong, however, with non-performing loans ...
11/25/2019National Mortgage Company has refinanced 11,000 mortgage loans over 10 years
...,400 have been provided for acquisition of housing, and the remaining loans for repairing and building detached houses. In total, the loans amounting to 94 billion have been refinanced. ARKA – How have the terms of the National Mortgage Company's mortgage loan programs changed over 10 years? Vardumyan - As a whole, mortgage lending terms were improving at that period, and as a result, it has become far easier to purchase residential property. An average interest rate at the moment of establishment ...
07/22/2019Armenian State Revenue Committee collects 296.5 billion drams in revenue in Q1
... – to 70.3 billion drams (an increase of 2.8 billion drams or 4.1%). He also said that 26.4 billion drams were refunded to citizens against 19 billion drams in the first quarter of last year. Most of the refunds were the VAT money returned under the mortgage loan repayment program. The 2019 budget calls for 1.5 trillion drams in revenues and 1.6 trillion drams in spending. The projected budget deficit is about 150 billion drams. Capital expenditures are expected to increase from 2.3% of GDP in 2018 ...
04/03/2019Ameriabank expects a surge in mortgage lending
... number of transactions increased by 25-30% and housing prices in some districts of the capital Yerevan having increased by 10-15%, especially in the primary real estate market. He said these developments have triggered an increase in the demand for mortgage loans as Ameriabank alone has seen a 20% rise in its mortgage lending portfolio in the first 9 months of this year. ‘This is quite a serious indicator, and the trend continues," Barseghyan said, adding that over the past two years interests ...
10/18/2018Government reduces interest rates on mortgage loans for young families
The government of Armenia approved today a set of changes to a program designed to subsidize mortgage loans provided under Affordable Housing for Young Families program. YEREVAN, September 14. /ARKA/. The government of Armenia approved today a set of changes to a program designed to subsidize mortgage loans provided under Affordable Housing ...
09/14/2018VTB Bank (Armenia) launches mortgage loan refinancing / repurchasing program
The Yerevan-based VTB Bank (Armenia) said today it has launched a new program designed for refinancing / repurchasing mortgage loans from other banks and credit institutions. YEREVAN, September 3. /ARKA/. The Yerevan-based VTB Bank (Armenia) said today it has launched a new program designed for refinancing / repurchasing mortgage loans from other banks and credit ...
09/03/2018Unibank offers affordable mortgage loan with prepayment starting from 0%
... /ARKA/. On Paruyr Sevak Street in Yerevan, the capital city of Armenia, there has risen a pretty new building with comfortable flats- a high-rise block of flats №51/2. Specially for the purchase of apartments at that address, Unibank has launched a new mortgage loan in cooperation with the building company “GSF” with the possibility to be given without prepayment, the Yerevan-based bank said in a press release. The mortgage loans without prepayment are designed for people with stable income who ...
08/17/2018Home prices in Armenia expected to rise by 15% in 2019
... estate market persist, home prices will see a 15% rise in 2019, the head of the Akcern real estate company Hakob Baghdasaryan said at a press conference on Friday. According to Baghdasaryan, the possibility of purchasing housing in new buildings, when mortgage loan interest is paid at the expense of income tax is an important factor in the real estate market. "Even if some families do not have housing problem, they have a motivation to use banking services to buy housing to avoid tax losses," ...
08/03/2018VTB Bank (Armenia) reduces interest rates on mortgage loans
The VTB Bank (Armenia) has announced a ‘significant’ drop in the annual interest rates on mortgage loans provided in Armenian drams ‘to make mortgage loans available to a wider segment of customers.’ YEREVAN, July 30. /ARKA/. The VTB Bank (Armenia) has announced a ‘significant’ drop in the annual interest rates on mortgage ...
07/30/2018Unibank offers mortgage loans without prepayment
Unibank offers mortgage loans without prepayment at primary and secondary markets for acquisition of residential accommodation and premises for business, the press office of the bank reported on Wednesday. YEREVAN, October 4. /ARKA/. Unibank offers mortgage loans ...
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