Business

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August, 2022
August 2022
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Converse bank will cover the insurance costs within the framework of program lending
01/07/2022 14:04

Converse bank will cover the insurance costs within the framework of program lending

From now on the borrowers of Converse bank will be able to enjoy not only competitive interest rates, but they will also have the opportunity to get new real estate and accidental damage insurances.

We have achieved that thanks to our flexible and competitive financing conditions. To respond to the demands of the market, we are introducing an unprecedented offer, which is truly unique for Armenian banking. From now on, during the whole loan period, with the exception of the first year, the Bank will cover the real estate and accidental damage insurance expenses, as a result of which the actual annual interest rate of the loan will reduce. Unlike similar offers available in the banking system, we have set no other payments and service fees.

Converse Bank has been one of the leading banks in Armenia for many years thanks to its Affordable Housing for Youth and National Mortgage Company mortgage refinancing programmes. Compared to the same period last year, we have registered an increase of 46,5 % in the number of mortgage loans refinanced by Affordable Housing for Youth and the National Mortgage Company programmes, totalling at about 21,23 billion AMD at the end of May. For further information please visit https://www.conversebank.am/hy/armenian-resident/ or contact us at +37410511211.

Converse Bank is overseen by Central Bank of Armenia.

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10:50 17/08 Buy Sell
AMD / USD 402.00 407.50
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dollars
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17/08/2022
USD / AMD
405.96
-0.13%
EUR / AMD
412.94
+1.53%
RUR / AMD
6.70
+0.08%
GBP / AMD
491.13
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BTC/AMD
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24343.16
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1941.61
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144.02
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0.388511
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64.51
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322.61
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0.002649623
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BNB/BTC
0.013250586
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DOGE/BTC
0.000003612
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CBA Metals
17/08/2022
dram / gram
Gold
23165.19
-30.27%
Silver
262.67
-2.76%
FOREX
07:04 18/08
EUR/USD
1.0178
+0.08%
GBP/USD
1.2049
-0.40%
USD/JPY
134.89
+0.54%
EUR/GBP
0.8446
+0.54%
Oil
07:04 18/08
$ / barrel
Brent
93.60
+0.83%
Light Sweet
88.01
+1.07%
COMEX
07:04 18/08
$ / tr. oz
Gold
1779.70
-0.58%
Silver
19.63
-2.09%
Platinum
917.90
-1.42%
LME / 3M
07:04 18/08
$ / tonne
Aluminium
2411.00
+0.79%
Copper
7924.50
-0.68%
Nickel
21885.00
-1.57%
Tin
24660.00
+0.24%
Lead
2117.50
-2.13%
Zinc
3513.50
-4.32%
Molybdenum
33444.09
-0.59%
Cobalt
49455.00
+5.32%
Indexes
07:04 18/08
point
Dow Jones
33980.32
-0.50%
S&P 500
4274.04
-0.72%
NASDAQ
12938.12
-1.25%
FTSE
7515.75
-0.27%
CAC 40
6528.32
-0.97%
DAX
13626.71
-2.04%
RTSI
1136.40
-0.49%
Nikkei
29222.77
+1.23%
Topix
2006.99
+1.26%
Hang Seng
19922.45
+0.46%
SSEC
3292.53
+0.45%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
9.25
+0.00%
Lombard Repo
Lombard Repo Rate
10.75
+0.00%
Deposit
Deposit Rate
7.75
+0.00%
Macroeconomy
06/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
1,193.6
+5.80%
Export 1
Export
1,881.5
+36.30%
Import 1
Import
3,271.0
+48.70%
CPI
Consumer price index
+8.10
Avg. Salary 2
Average salary
218,641
+11.30%
Services 3
Volume of services
1,133.3
+26.90%
Construction 3
Volume of construction
149.03
+12.70%
1 - mln AMD, 2 - AMD, 3 - bln AMD