27.12.2018 14:58
YEREVAN, December 27. /ARKA/. As a result of the legislative changes implemented by the Armenian government in July 2018, banks have forgiven fines and penalties totaling AMD 7 billion (USD 14.4 million) to 14,963 borrowers, Armenian Acting Prime Minister Nikol Pashinyan posted Thursday on his Facebook page.
He said 124,000 credit histories of bank clients had been reconsidered.
“This process will be longstanding – citizens having bad loans should visit their banks to adjust their fines and penalties,” he said.
At its session held on June 21, the Armenian National Assembly amended the tax code to allow banks to forgive the fines and penalties imposed on citizens for delaying loan payments.
The decision applies to the payments delayed for 271 days and more as of May 31, 2018.
Some banks apply the same approach also to small and mid-scale businesses. --0---
Read the news first and discuss them in our Telegram
Tags:
2021-03-17 13:58:39 Armenian banks to writ off 3 billion dram worth loans owed by killed or wounded servicemen or their families
2020-10-21 18:28:21 Armenian banks to forgive loans of those killed in hostilities or became disabled
2020-09-08 21:26:58 Share of problem loans of Armenian banks may grow to 10 percent, central bank chairman warns
2020-07-01 12:43:03 Armenian banks provided 73 billion drams as loans as part of anti-coronavirus programs
