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Regional

Ardshininvestbank cuts lombard credit and Nur Card Express rates

  • by Gayane Isahakyan

  • Saturday, July 19, 01:00

 Ardshininvestbank has cut lombard credit and Nur Card Express rates for physical entities.

The press service of Ardshininvestbank reports that on July 15 2014 almost all of the bank's branches cut their lombard credit rates by 1% to 19.95%-22.95%. On Aug 18 Nur Card Express rates will be reduced by 4.1%.

Conscientious lombard credit borrowers will enjoy an additional 1mln AMD credit line.

On July 15 2014 the bank introduced a new credit line, Nur Card Gold Express. The maximum amount is 1.2mln AMD or as much in USD. The interest rates are 17.9% for AMD and 14.9% for USD.

"Being one of the retail banking leaders, we provide our customers with high-quality and competitive products. For the moment the bank is considering ways to reduce rates for other consumer loans and to introduce more convenient services," says Ardshininvestbank's Retail Banking Manager Artur Gulazyan.  

Ardshininvestbank was set up in 2002. Its majority shareholder is the Business Investment Center (97.23%), with the rest held by individuals.  As of Jan 1 2014 the bank had the third biggest assets in Armenia's banking sector ($668mln), 220,000 customers, 1,091 employees, 55 branches and 92 ATMs.

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