All news related to COVID 19

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

24.09.2020 15:54

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

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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HSBC Group allocates additional USD15, 000 to alleviate the impact of COVID-19 in Armenia

09.09.2020 20:29

HSBC Group allocates additional USD15, 000 to alleviate the impact of COVID-19 in Armenia

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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ADB approves $2 million grant to support Armenia’s fight against covid-19

18.08.2020 23:30

ADB approves $2 million grant to support Armenia’s fight against covid-19

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 supports Inecobank to back Armenian smaller businesses AMID COVID-19 crisis

06.08.2020 19:43

IFC supports Inecobank to back Armenian smaller businesses AMID COVID-19 crisis

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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EBRD provides Inecobank with us$ 25 million loan to expand access to finance for Armenian businesses amid COVID-19 crisis

10.06.2020 17:36

EBRD provides Inecobank with us$ 25 million loan to expand access to finance for Armenian businesses amid COVID-19 crisis

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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Armenian banks face social discipline problem amid COVID-19 (VIDEO)

04.06.2020 16:27

Armenian banks face social discipline problem amid COVID-19 (VIDEO)

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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Union of Banks of Armenia: Biggest risk in country’s banking sector is uncertainty amid COVID-19

27.05.2020 15:29

Union of Banks of Armenia: Biggest risk in country’s banking sector is uncertainty amid COVID-19

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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Avinyan presents at WEF meeting Armenia’s anti-crisis strategy amid COVID-19

19.05.2020 13:02

Avinyan presents at WEF meeting Armenia’s anti-crisis strategy amid COVID-19

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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Over AMD 1.1 billion received in special account of support for struggle against COVID-19 in Armenia

15.05.2020 13:47

Over AMD 1.1 billion received in special account of support for struggle against COVID-19 in Armenia

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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Union of Banks of Armenia urges everybody to refrain from speculation about banking system amid covid-19

20.04.2020 14:58

Union of Banks of Armenia urges everybody to refrain from speculation about banking system amid covid-19

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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