Central Bank of Armenia imposed penalty on the "Finca" credit company

Friday, January 22 2021 19:22:00

ArmInfo. The Central Bank of Armenia applied a penalty in relation to the universal credit company CJSC "Finca" ("Finca" UCO) for the sums to be returned. This is stated in the message of the Central Bank's press service, which states that the measure of responsibility against the Finca UCO was applied for revealed violations of the requirements of the RA Law "On Consumer Lending" and Regulation 8/05 "Rules of Business Conduct of Financial Organizations". A fine in the amount of 500 thousand AMD was imposed on Finca and corresponding instructions were given. Clients who received consumer loans, agricultural loans (in the amount of up to AMD 5 million), trade loans (up to AMD 5 million provided to micro-trade organizations) from Jan 1, 2018 to July 30, 2020 from Finca, and fully fulfilled credit obligations, including early repayments, for which the annual interest rate was not recalculated at the time of loan repayment, can contact the company and receive back the amounts to be returned as a result of the recalculations made by the company. The company will return these amounts during 2021.

RUB	6.95	-0.10
USD	518.44	-0.45
EUR	631.10	1.12
GBP	708.34	-4.20
CAD	408.32	-2.94
JPY	50.01	-0.16
CNY	80.23	0.03
CHF	585.87	1.14

Issue volume	10 billion
Volume of T-bills for placement	200 million
Volume of submitted competitive applications	200 million
Volume of satisfied bids	200 million
Yield at cut-off price	5.8314%
Maximum yield	5.8314%
Мinimum yield	5.8314%
Weighted average yield	5.8314%
Number of participants	2
The maturity date of T-bills	03.02.2020

СПРОС (Покупка)
USD
Средневзв. Цена	482,00
ПРЕДЛОЖЕНИЕ (Продажа)
USD
Средневзв. Цена	-
СДЕЛКИ
USD
Цена откр.	482,00
Цена закр.	482,00
Мин. Цена	482,00
Макс. Цена	482,00
Ср/взв. Цена	482,00
-0.16
Кол-во сделок	1
Объем (инвал.)	200 000
0бъем (драм)	96 400 000

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Central Bank of Armenia imposed penalty on the "Finca" credit company

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