Yerevan /Mediamax/. “Unibank” plans to make the portfolio of mortgage crediting reach from the present## $37mln to $70mln by the end of the year.

As Mediamax was told in the press service of “Unibank”, as a result of the consumer demand research, the bank periodically elaborates corresponding instruments, based on flexible approaches, which “helps the bank preserve leading positions in the market of mortgage crediting”.

Thus, starting from June 4, “Unibank” announced realization of a summer action of mortgage crediting “Summer-2008”, within the framework of which mortgage credits for purchasing apartments in apartment buildings of secondary market will be provided with minimum pre-pay of 10% (instead of the previous 20%), and the maximum repayment term of the loan will be prolonged to up to 20 years.

Mortgage credits to purchase mansions will be provided with the minimal pre-pay of 15% (instead of the previous 25%), the repayment term will make 20 years (instead of the previous 15 years).

Within the framework of the summer action the bank also doubled the repayment term of loans for repairs, making it up to 10 years,

The action will last till August 31 and will have effect in Yerevan and the regions, adjacent to the capital city, as well as in Gyumri, Vanadzor, Tsakhkadzor, Etchmiadzin and Abovyan towns.