Armenian Development Bank offers new “Simplified” credit linesJuly 14, 2015 - 12:13 AMT PanARMENIAN.Net - The Armenian Development Bank offers new “Simplified” credit lines for those who want to avoid excessive complications of loan provision procedure and get the money as quickly as possible. The credit line is based on the customer’s creditworthiness assessment and is envisaged for people with stable income and reliable credit history. It is provided in USD and EUR equivalent to AMD 7 million, with up to 7 year maturity period and real estate collateral. “Thanks to the quick lending process and little documentation, our customers have the opportunity to get the loan within few days. Meanwhile, bank has reduced the interest rates and additional costs related to loan provision. Besides, there are no costs on estimation and insurance of collateral real estate, no application fee and no fine for early loan payment. It is also essential that the loan is long-term, which significantly reduces the repayment burden,” said Sargis Khachatryan, the Head of Loan and Investment Department at Armenian Development Bank. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |