YEREVAN, June 5. /ARKA/. Commercial banks in Armenia have forgiven fines and penalties totaling AMD 11.8 billion (USD 24.5 million) on bad loans to 20,889 borrowers as of June 2, 2019, the press office of the Central Bank of Armenia reported on Tuesday.

Starting from July 1, 2018, loan reports about individual borrowers, their co-borrowers and guarantors, contain no information about overdue or classified loans before May 1, 2018, where key sum didn’t exceed AMD 50,000 at the moment of sealing the contract.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Commercial banks in Armenia forgive fines and penalties totaling USD 24.5 million to 20,889 borrowers

Tags: Armenia, Banks, penalties

Read more

VTB Bank (Armenia) said today that in 2018 it forgave its individual customers some 3 billion drams worth penalties and fines

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on VTB Bank (Armenia) forgave 3 billion drams worth penalties and fines on bad loans in 2018

Tags: bad loans, penalties, VTB Bank (Armenia)

Read more

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

Read more

As of October 1, Converse Bank CJSC has waived fines and penalties amounting to around AMD 320 mln for more than 1200 loan agreements

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Converse Bank waives 320 million drams worth fines and penalties

Tags: Converse Bank, penalties

Read more

Converse Bank has started forgiving fines and penalties on individuals’ overdue loans, the bank’s press office reported on Wednesday

Categories: Banks @en, General news, News, News of the hour | Comments Off on Converse Bank to forgive fines and penalties on individuals’ overdue loans

Tags: Armenia, Converse Bank, forgive, Overdue loans, penalties

Read more

Attended by bank executives, Prime Minister Nikol Pashinyan held a consultative meeting to discuss the problem of accumulated fines and penalties for agricultural and consumer loans, the government press office reported

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Armenian banks to forgive penalties and fines of 100,000 citizens

Tags: Armenia, Banks, citizens, forgive, penalties

Read more

ACBA-CREDIT AGRICOLE BANK said today that from August 1 it will cooperate with all individual customers, who had bad consumer or agricultural loans at the bank as of May 31, 2018

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on ACBA-CREDIT AGRICOLE BANK to forgive penalties and fines on bad loans

Tags: ACBA-Credit Agricole bank, bad loans, penalties

Read more

Unibank has made a decision to forgive its individual customers’ fines and penalties for bad loans, which are calculated and reflected in the bank’s off-balance account

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Unibank to forgive individual customers' penalties and fines for bad loans

Tags: bad loans, Customers, forgive, penalties, Unibank

Read more

The Central Bank of Armenia said today it has imposed 40 million drams worth penalties on some commercial banks and currency exchange offices after a series of 170 inspections late last year

Categories: Banks @en, General news, News, News of the hour | Comments Off on Central Bank imposes 40 million drams worth penalties on banks and exchange offices

Tags: Banks, DRAM, penalties

Read more