Based on the results of 1st half-year 2021, Converse Bank’s mortgage portfolio reached AMD 51B and grew by 11.2% vs. the same period in the past year.
The growth of mortgage loan portfolio under various programs is particularly remarkable. The volumes of loans refinanced by HOME FOR YOUTH Program and National Mortgage Company have increased approximately 6 times in the recent 4-5 years.
Converse Bank issues mortgage loans in three currencies – AMD, USD and EUR, by cooperating with the constructors in the primary market as well. The interest in the real estate acquisition, construction and renovation loans of Converse Bank is growing steadily due to attractiveness, competitive interest rates and flexibility, as a result of which the Bank takes up a stable position among the system leaders and is one of the top banks by Program Financing indicator.
Converse Bank will soon come up with a new interesting offer with an intention to further promote the loans for acquisition of real estate from the primary market and to create more favorable conditions for customer servicing.