YEREVAN, September 24. /ARKA/. 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.

"In general, within the framework of the 1st and 2nd programs, the size of the subsidized portfolio as of yesterday amounted to about 119 billion drams. That is, in fact, we subsidize the loan portfolio in this amount," he said at a government meeting.

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COVID-19 pandemic has made the digital transformation vitally important. Going online and shifting to online platforms have become a necessity, bringing over certain challenges for many businesses and individuals in Armenia, HSBC Bank Armenia said in a press release today

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The Asian Development Bank (ADB) has approved a $2 million grant from its Asia Pacific Disaster Response Fund (APDRF) to support Armenia in its fight against the coronavirus disease (COVID-19) pandemic, the press service of the ADB reported on Tuesday

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IFC, a member of the World Bank Group, said it is providing a loan of $15 million to Inecobank to boost lending to Armenia’s micro, small, and medium enterprises (MSMEs), helping them address the challenges triggered by the COVID-19 outbreak

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Tags: Armenia, COVID 19, IFC, Inecobank, smaller businesses, support

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The European Bank for Reconstruction and Development (EBRD) is providing a US$ 25 million loan to InecoBank, a longstanding partner bank in Armenia, for extending support to private companies that have been affected by the economic impact of the coronavirus pandemic

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Tags: COVID 19, EBRD, Inecobank, LOAN

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Armenian banks faced the problem of non-observance of social distance and discipline of queuing in terms of COVID-19, Central Bank Chairman Arthur Javadyan said Thursday at a government meeting

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The biggest risk in the banking system of Armenia and beyond it today is the uncertainty due to the new coronavirus, Seyran Sargsyan, the executive director of the Union of Banks of Armenia (UBA) told reporters at an online press conference on Tuesday

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Tags: Armenia, BANKING SECTOR, COVID 19, risk, Union of Banks

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Armenian Vice-Premier Tigran Avinyan took part yesterday in the online meeting of the Regional Group for Europe and Eurasia of the World Economic Forum (WEF)

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As of 18:00 on May 14, 4,225 payments totaling almost 1,088,681,654 drams (about $ 2.23 million) have been received in the special account to support the fight against the coronavirus in Armenia, the press service of the country’s finance ministry reports

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The Union of Banks of Armenia, in its statement released on Monday, urges everybody to refrain from speculation about the country’s banking system amid the spread of the coronavirus COVID-19

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