YEREVAN, March 14. /ARKA/. As part of a government program on subsidizing interest rates, farmers and agricultural cooperatives can get loans at the interest rate of up to 5%, the Ministry of Agriculture of Armenia said.

It said if the beneficiaries of the program decide to unite in cooperatives, they will be able to receive agricultural loans at the rate of 3%. Loans to farmers and cooperatives in border areas will be provided at a zero interest rate.

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Farmers in Armenia may get loans at 3-5% interest rate

Tags: Armenia, farmers, interest rate, LOANS

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Reserves at Armenia’s banks for possible losses on loans totaled AMD 147.7 billion in 2018 – 6.12% or AMD 8.5 billion more than in 2017

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Reserves at Armenia’s banks for possible losses on loans total AMD 147.7 billion in 2018

Tags: Armenia, Banks, LOANS, reserves

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In 2018, Unibank’s «credit conveyor» processed more than 470 000 applications for consumer loans

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Applications for Unibank’s consumer loans increase 18% to 470,000

Tags: applications, LOANS, Unibank

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Mortgage loans provided by Armenian banks in 2018 exceeded the figures of the previous year by 20%

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Mortgage loans by Armenian banks in 2018 grew by 20% year-on-year

Tags: Armenia, Banks, LOANS

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The loans provided by banks of Armenia totaled AMD 3 128.5 billion in late December 2018

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Loans provided by banks of Armenia exceed AMD 3 trillion in late December 2018

Tags: Armenia, Banks, December, LOANS

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Unibank has extended the process of forgiving fines and penalties on bad loans, the press office of the bank reported on Tuesday

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Unibank extends fine-forgiving campaign

Tags: campaign, LOANS, Unibank

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As a result of the legislative changes implemented by the Armenian government in July 2018, banks have forgiven fines and penalties totaling AMD 7 billion (USD 14.4 million) to 14,963 borrowers

Categories: Banks @en, General news, News, News of the hour | Comments Off on Banks in Armenia forgive 15,000 citizens’ fines and penalties on overdue loans - Pashinyan

Tags: Armenia, Banks, LOANS, penalties

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Armenia’s acting Prime Minister Nikol Pashinyan wrote in a Facebook post that the government is going to restructure loans of several thousand of career and warrant army officers

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Government to restructure army officers’ loans

Tags: Armenia, army officers, government, LOANS, Nikol Pashinyan

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ACBA-CREDIT AGRICOLE BANK has launched today a special campaign, called ‘100 Days of Interest-Free Loans,” designed for individual clients

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on ACBA-CREDIT AGRICOLE BANK launches ‘100 Days of Interest-Free Loans” campaign

Tags: ACBA-Credit Agricole bank, campaign, LOANS

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The Central Bank of Armenia reported Wednesday that it has no connection with the expo ‘Banks, Loans, Investments and Economy’, despite the event organizers has used the logo of the regulator

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Armenian central bank has no connection with ‘Banks, Loans, Investments and Economy’ expo

Tags: Armenia, Banks, Central Bank, Economy @en, Expo, INVESTMENTS, LOANS

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