Till the end of June 2004 Bulbank is offering new particularly attractive interest rate of 8.88% annually for all its mortgage loans. The offer also includes an additional decrease of up to 50% of all fees and commissions.

Such especially competitive terms will be available in Bulbank branches for the next three months, making Bulbank's offer by far the most competitive in the market. Additionally the Bank is providing free life insurance for its mortgage clients and the possibility to have credit card with limit of 10% of the mortgage volume, without additional analysis and paper work.

"We offer extremely competitive product, based on the individual approach to customers and the fast response rate. The extended credits are with maximum repayment term of twenty years and possibility for choosing the payment scheme. We are able to reply within 24 hours after the needed documents are filed. The flexible mortgages, now with the most competitive interest rate, resulted in increased interest of our clients and attraction of new ones", Mr. Levon Hampartzoumian, Chief Executive Officer of Bulbank comments.

The Mortgage Programme of Bulbank offers five different credits for variety of purposes - purchase or construction of a new house, construction of a house together with the construction company, purchase of new property while the clients repays another loan or sells his old house.