Page 450 - 2019 6th AFIS & ASMMA

▧ Issuance of Bond
- Volume of last issuance: 3 billion AMD (2018)
- Volume of planned issuance for the current year: 5 billion AMD (2019)
- Cumulative volume of issuances: 19.5 billion AMD (2019)

▧ Downpayment Insurance
Armenia - Volume of mortgage loans with down payment insurance: AMD 1.1 bln
(2019)
- Cumulative volume of mortgage loans with down payment insurance:
AMD 1.4 bln

| COMPANY |
Nation Mortgage Company RCO CJSC

| CEO |
Edmond Vardumyan

» Vision
Provide liquidity, stability and affordability to the mortgage market in
Armenia

» Main Business
▧ Refinancing of mortgage loans
- Fixed-rate local currency mortgages with a maturity of at least 10 Session I
years to reduce the monthly debt service burden for borrowers. These
mortgages do not transfer the interest rate and currency risks to the new
homeowners and hence make them less susceptible to current economic
conditions. Mortgages in regions and EE mortgages are encouraged
further with below market interest rates.
- Cumulative volume of purchase mortgage loans: AMD 79 bln
- Cumulative volume of renovation and single home construction mortgage
loans: AMD 14.2 bln
- Outstanding balance of mortgage loans: AMD 40 bln

452 2019 6th AFIS & ASMMA Annual Meeting 453