Armenian banks award 'credit holidays' to participants of Karabakh war
28.10.2020 21:16
YEREVAN, October 28. /ARKA/. Armenian commercial banks will award the so-called 'credit holidays' to those borrowers who are now fighting in Nagorno-Karabakh against the Azerbaijani aggression, Deputy Finance Minister Arman Poghosyan said at a press conference on Wednesday, adding that their decisions is voluntary.
He said there is no law that would oblige banks to forgive its borrowers credit obligations.
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Armenian banks to forgive loans of those killed in hostilities or became disabled
21.10.2020 18:28
Armenia’s National Assembly has passed today in the first reading a set of changes to the Tax Code, which if approved in the final reading, would give the local commercial banks and credit organizations the right to forgive the credit obligations of the borrowers who have died in the war in the Nagorno-Karabakh or have become disabled
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Armenian banks paid almost 38 billion drams in taxes for 9 months of 2020
17.10.2020 21:57
The list of Armenia’s 1000 largest corporate taxpayers in the first nine months of 2020 includes all 17 commercial banks, which have paid more than 37.994 billion drams in various taxes and duties, the State Revenue Committee said today
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Moody’s points out risks for banks in Armenia amid developments in Nagorno Karabakh
09.10.2020 16:07
The development of the conflict in Nagorno-Karabakh could lead to devastating consequences for the banking sectors of Armenia and Azerbaijan, according to the review of the rating agency Moody’s, published by RBC
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Banks’ powers for forgiving fines may be expanded in Armenia
07.10.2020 15:08
The National Assembly of Armenia passed Tuesday at the first reading amendments to the Tax Code, in accordance with which banks, taking into account the current situation, will be allowed to forgive fines and penalties
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Credit holidays can cause major damage to Armenian banks, central bank deputy chairman says
24.09.2020 22:01
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
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Armenian banks provide 119 billion drams worth loans to support government's anti-coronavirus measures
22.09.2020 19:12
As part of a string of assistance measures designed by the government of Armenia to help companies and citizens offset the consequences of the coronavirus crisis, local banks have provided loans to the tune of 119 billion drams, the Union of Banks of Armenia said in a statement
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Liquidity of Armenian banks significantly exceeds the regulatory requirements of Central Bank
08.09.2020 21:28
The liquidity of Armenian banks significantly exceeds the regulatory requirements of the Central Bank, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday
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Share of problem loans of Armenian banks may grow to 10 percent, central bank chairman warns
08.09.2020 21:26
The share of problem loans of Armenian banks may grow from the current 6.3% to 10% of the total loan portfolio, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday
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Armenian banks' loan portfolio grows to 3.6 trillion drams in first half of 2020
08.09.2020 19:50
In the first half of 2020 the loan portfolio of Armenian banks exceeded 3.6 trillion drams, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday
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