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Armenian banks allowed forgiving borrowers’ debt repayment delay

12.06.2018 14:49

Armenian banks allowed forgiving borrowers’ debt repayment delay

YEREVAN, June 12. /ARKA/. At their extraordinary meeting held Monday, the Armenian Cabinet ministers gave their approval to amendments to the tax law, which allow banks in Armenia to forgive the fines and penalties imposed on the citizens for delay in loan repayment.

“These amendments apply only to those individuals whose loans had been recognized unrecoverable before May 31,” Finance Minister Atom Janjughazyan said Monday presenting the law.

Banks are allowed not to pay profit tax from such lifted fines and penalties, while before they had to pay this tax regardless of whether the fine was paid or not.

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Around $80 million bought by Armenian banks last week

11.06.2018 14:01

Around $80 million bought by Armenian banks last week

Armenia’s commercial banks bought around $80 million from the local foreign currency market on June 4 to 8 at the average weighted exchange rate of 482.49 drams per one USD, the Central Bank of Armenia reported on Monday

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Unistream bank’s capital exceeds one billion Russian rubles

06.06.2018 18:48

Unistream bank’s capital exceeds one billion Russian rubles

UNISTREAM bank said today its capital stood at one billion Russian rubles as of May, 1, 2018

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UNISTREAM Bank earns record high profit in 2017

05.06.2018 18:06

UNISTREAM Bank earns record high profit in 2017

The UNISTREAM Bank earned a record high profit of 224 million Russian rubles in 2017, saying its net income saw a growth of 29% when compared to the previous year amounting to 2.1 billion rubles

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Deposits in Armenian banks drop by 3.9% in April to over 2.6 trillion drams

31.05.2018 18:56

Deposits in Armenian banks drop by 3.9% in April to over 2.6 trillion drams

The total amount of deposits in Armenian banks at the end of April 2018 stood at 2.539.4 trillion drams, down by 103.8 billion drams (about $214 million) or 3.9%

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Ardshinbank closely eyeing potential bank mergers

31.10.2017 17:14

Ardshinbank closely eyeing potential bank mergers

Ardshinbank is closely eyeing all potential mergers of banks in Armenia, Ardshinbank Board Chairman Mher Grigoryan said in an exclusive interview to ARKA news agency

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Armenian central bank’s interventions amount to $100 million

31.10.2017 11:12

Armenian central bank’s interventions amount to $100 million

Armenia’s Central Bank’s intervention in the local foreign exchange market since the beginning of the year has amounted to $100 million so far, Arthur Javadyan, chairman of the Central Bank, told journalists on Monday

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Bank branch robbed in central Yerevan

09.10.2017 15:24

Bank branch robbed in central Yerevan

The Armenian police are looking for a man who reportedly robbed a bank branch in downtown Yerevan today afternoon

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Around $73.28 million bought by Armenian banks last week

25.09.2017 17:09

Around $73.28 million bought by Armenian banks last week

Armenia’s commercial banks bought around $73.28 million from the local foreign currency market on Septemebr 19 to 23 at the average weighted exchange rate of 477.40 drams per one USD, the Central Bank of Armenia reported on Monday

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HSBC bank offers financing for purchase of new equipment

20.09.2017 09:49

HSBC bank offers financing for purchase of new equipment

HSBC Bank Armenia said today it is providing trade financing for the purchase of new equipment at a historically low rate of 4%

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