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    September 2020
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  • Archive for September 24th, 2020

    Credit holidays can cause major damage to Armenian banks, central bank deputy chairman says

    Thursday, September 24th, 2020

    The so-called “credit holidays” granted to thousands of borrowers in Armenia can cause major damage to the country’s s banking system, while writing off fines and penalties on loans can force banks to declare bankruptcy, Deputy Chairman of the Central Bank Nerses Yeritsyan told a parliament-hosted discussion on banks’ problems today

    Armenian government allocates another AMD 119 billion to cushion economic consequences of COVID-19

    Thursday, September 24th, 2020

    Armenian Vice Premier Mher Grigoryan pointed out Thursday the progress in the implementation of the government’s 1st and 2nd programs aimed at cushioning the economic consequences of the coronavirus