ArmInfo.

ArmInfo. At the initiative of ACBA Leasing, the first meeting of the beneficiaries of the three-year E-FIX grant program of the EU Horizon 2020 research and  innovation project was held, which aims to stimulate private  investment in energy saving projects.

ArmInfo.ACBA-Credit Agricole Bank summed up the results of the #myacbabank marathon, which was announced in connection with the opening of the innovative branch "Nor Avan". According to the press service of the bank, the contest  participants had the opportunity to go at will to Paris, Rome,  Barcelona, Berlin, Prague, Dubai or get a Samsung Galaxy A8  smartphone.

ArmInfo. At the November 8 meeting, the Government of Armenia  undertook another risk mitigation measure for farms attracting and  attracting credit resources.  According to Acting Minister of Finance  of Armenia, Atom Janjughazian, who submitted amendments to the Law on  Consumer Lending and in a package of related laws, provides for small  farms and individual entrepreneurs of peasants to cancel the minimum  credit threshold equal to 100 thousand drams. And the maximum credit  limit he proposed to rise from 2 million to 5 million drams.

ArmInfo. In Armenia, the number of plastic cards increased by October 1, 2018 by 17.9% per annum - to 1.928 million units, against a decline of 7.6% a year  earlier. The annual growth of the total volume of plastic  transactions from 7.7% in the first 9 months of 2017 to 24.5% in the  first 9 months of 2018 has sharply accelerated to this, reaching 1.4  trillion drams. This is evidenced by the data of the Central Bank of  Armenia.

ArmInfo.Converse Bank by October 1 of this year. pardoned fines / fines of almost 320 million drams for 1,200 bad loans. The press service of the Bank told ArmInfo  that the cancellation of fines applies to individual borrowers who  have loans overdue by more than 271 days, classified as bad as of May  31 of this year.

ArmInfo.Chairman of the Directorate - General Director of Ameriabank Artak Anesyan was elected Chairman of the Union of Banks of Armenia. As the press  service of the UAB told ArmInfo, the new chairman of the Union of  Banks of Armenia assumed this position on October 1 of this year,  after being elected at a meeting of the UAB Council.

ArmInfo. In Armenia, the number of plastic cards increased by 16% per annum to July 1, 2018, to 1.851 million units, against the decline of 9% a year earlier.  Adequately, the annual growth in the total volume of plastic  transactions sharply accelerated from 7.2% in the first half of 2017  to 23% in the first half of 2018, exceeding 863.5 billion drams. This  is evidenced by the data of the Central Bank of Armenia.

ArmInfo.

ArmInfo. Since March 2019, in the Ararat, Armavir and Shirak regions of Armenia, a pilot agro-insurance program has started, risks of hail and frosts will be insured. This was announced on August 31 by Armenian Minister of Agriculture Artur Khachatryan.

ArmInfo.

ArmInfo. ACBA-Credit Agricole  Bank has concluded a loan agreement with EBRD for $ 17 million to  provide financial assistance to small and medium-sized businesses.  ArmInfo was told in the press service of the ACBA-Credit Agricole  Bank that within the framework of this agreement SME financing will  mainly be carried out in drams.

ArmInfo. ACBA-Credit Agricole Bank has summarized the results of the amnesty, which started from August 1, accumulated on bad loans and fines. As the press service of the Bank told ArmInfo, fines and penalties for the amount of over 188 million drams for 433 credit obligations were forgiven within 10 days. Under the amnesty, accrued fines and interest on loans classified as of May 31 this year  as uncollectible

ArmInfo. On the threshold of launching agricultural risk insurance in Armenia, y-o-y growth of banks' lending to the agricultural sector accelerated dramatically  from 0.9% to 7.4% by July 1, 2018.

ArmInfo.

ArmInfo.The Armenian banking system sent 27.6 billion drams to the state treasury in the first half of 2018, which is 26% higher than the figure of a year ago. Of  this amount, over 87.3% or 24.1 billion drams was paid on direct  taxes (incl. tax on profits and income tax), with an annual growth of  40.6%. The top five banks of taxpayers - Ameriabank, ACBA-Credit  Agricole Bank, INECOBANK, Ardshinbank and VTB Bank (Armenia), sent to  the state budget in the first half of 2018 a total of 15.3 billion  drams (annual growth of 34.2%), of which 14 billion drams - on direct  taxes (annual growth of 33.3%). According to the RA State Revenue  Committee, in the first hundred of the largest taxpayers of Armenia  in the first half of 2018, out of 17 operating banks, 13 as many as a  year ago fell.

ArmInfo. As a result of cooperation between ACBA-Credit Agricole and the leading Japanese company JCB Co. International, a card issuer, it became possible to service Japanese JCB cards in Armenia. This was reported by the  Bank's press service.

ArmInfo. ACBA-Leasing company  offers legal entities to purchase on lease commercial real estate at  an interest rate of 8%, with a prepayment of 20%, maturity of 12 to  120 months, with the possibility of VAT recalculation. As the press  service of the company reports, the financing is provided both in  drams and in foreign currency.

ArmInfo. Converse Bank, responding  to the latest changes in the Tax Code, decided to proceed with the implementation of the state program on amnesty of accumulated fines  and penalties on overdue loans to individuals. As the press service  of the Bank explained, the matter concerns the loans classified by  May 31, 2018 as non-performing with a delay of 271 days or more. The  condition put forward by the Bank to the borrower is the repayment of  the loan principal and payment of the accrued interest.