ArmInfo.Armenian Deputy Prime Minister Mher Grigoryan today participated in a meeting of the Eurasian Economic Commission's Council, which was held via  videoconference.

ArmInfo.Converse Bank, in order to avoid the spread of coronavirus and congestion in branches, decided to defer payments on loans to individuals and private  entrepreneurs until May 15 this year.

ArmInfo.As of March 16, the Central Bank of Armenia did not make any decisions on suspension of the work of branches of commercial banks of Armenia. This was  reported by the press service of the CBA.

ArmInfo. Due to the current situation and in order to avoid crowds in the branches, by decision of the Board of ARARATBANK, clients (individuals and legal entities,  private entrepreneurs) will be provided with a "credit vacation" for  a period of 2 months, starting from March 16, if desired.

ArmInfo.ACBA-Credit Agricole Bank, based on the situation of the spread of the coronavirus and worrying about its employees and customers, decided not to apply  fines and penalties in case of non-fulfillment of loan obligations by  individuals and legal entities from March 16 to April 30 inclusive  (dates may be revised).

ArmInfo.

ArmInfo.

ArmInfo.The financial system of Armenia continues to operate normally. This is stated in the official statement of the Central Bank of Armenia.

ArmInfo.Ameriabank, in view of the current situation, decided to support the most vulnerable sector of the Armenian economy, "small and medium-sized businesses  operating in the field of tourism, food service and hotel industry,  with a joint effort to overcome the temporary crisis through credit  holidays". According to the press service of the bank, "credit  holidays" for borrowers of the above segments of SMEs will start from  March 16 and provide for deferred payments on the main loan amount  for 3-6 months using an individual approach.

ArmInfo. Evocabank, in view of the situation, decided to defer payments on SingleTOUCH loans until May 17. This is stated in the message of the Bank on the official Facebook page.

ArmInfo.Ardshinbank’s 2118 borrowers of home equity loans received 5% cashback from the interests they paid for their loans during the previous calendar year. This time, the total amount of money returned by the Bank to borrowers amounted to about 62 million drams.

ArmInfo.Beeline Armenia has announced that it will close all sale and customer care office on March 17, with the exception of the office on 24/1 Azatutyun St,  which will work daily from 9am until 6pm.

ArmInfo. In 2019, Armenia reduced the volume of tomato exports, amid increasing imports. This is evidenced by the data of the RA Customs Service.

ArmInfo. In 2019, Armenia reduced the volume of exports and imports of grapes. According to the data of the RA Customs Service, during the reporting period, the  supply of Armenian grapes to the markets of foreign countries  decreased by 5.5%, amounting to 12 thousand tons.

ArmInfo.

ArmInfo.In IDBank, fast money transfers can now be received easier and quicker, directly from www.idbanking.am  platform. You just need to:

ArmInfo.To prevent coronavirus, as well as to avoid crowding in the bank's branches,  Ameriabank has decided to announce a "credit vacation" from March 13  up to May 13, 2020, inclusive, for all its individual and private  entrepreneur clients, the press service of  Bank reports.

ArmInfo.In 2019, Armenia increased the volume of export of copper ore by 32.3% to 562 thousand tons, against the decline in 2018 by 13.2%. According to the data of  the RA Customs Service, in value terms, export of copper ore amounted  to $ 626.6 million, with a y-o-y growth of 19.2%.

ArmInfo. In 2019, the NPL level in the total loan portfolio of Armenian banks decreased from 9.5% to 8%, and in assets from 6.2% to 5.1%. At the same time, the volume of  overdue loans for the reporting year remained almost unchanged, while  the amount of healthy (standard) loans began to grow more slowly. In  their structure, over 62% are non-performing and doubtful loans  groups, and the dominant of the latter does not decrease.

ArmInfo.