Unibank launches new business credit product

PanARMENIAN.Net - To support small and medium business and private entrepreneurs, Unibank has developed a new convenient credit product – Universal - with the annual interest rate from 10%.

According to the new product conditions, credit is granted for a period of 48 months, credit sum makes USD 50 000-500 000. No restrictions on early credit repayment are stipulated. The deadline for credit applications submission is December 31, 2010, the bank press service reported.

Today the business crediting programs of Unibank are amongst the most demanded at the market: by the volume of lending industry the Bank is the first in the Armenian banking system. Within the business programs, customers are offered specialized loans targeted at certain customers groups taking into account the business specificity.

As of the end of the 3rd quarter of 2010, the assets of Unibank exceeded AMD 106bln. The volume of credit investments increased by 32.6% as compared with the same period of 2009, making about AMD 74bln as of September 30, 2010. The share of business credits made AMD 47.2bln.