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.
"The Bank is ready to discuss all applications submitted until December 31, 2018, and also to conclude, if necessary, with the borrowers an agreement on refinancing for a period of up to 7 years. Bank hopes that in the near future the flow of customers will be activated, and the amnesty for fines program will serve as an incentive to search for new ways to cooperate with customers and to restore customers' credit history, "says Converse Bank.
Despite the fact that the amendments to the Tax Code made a few months ago, apply only to loans from individuals, Converse Bank expressed its willingness to discuss the possibility of an amnesty for fines and penalties accumulated on overdue loans also of legal entities and private entrepreneurs in the contract amount of up to 20 million drams .
Note that July 2 this year. The Prime Minister held a meeting with bankers in the government of the Republic of Armenia in order to practically address the issue of concessions to fines and penalties on overdue loans. On the same day, ACBA-Credit Agricole Bank and Ameriabank announced the cancellation of fines and penalties on hopeless loans to individuals, then IDBank (July 4), VTB Bank (Armenia) (July 4) and Ardshinbank (July 6) announced joining the process. , Converse Bank (July 11). Recall that Converse Bank has been operating in the Armenian market since September 1996. The Bank's shareholders are Advanced Global Investments LLc (led by Eduardo Ernekian) - 80.94%, HayPost Trust Management B.V. - 14.06%, Echmiadzin Cathedral - 5%. The branch network of the Bank consists of 34 units, of which 13 are located in Yerevan, 20 - in the regions of Armenia and 1 - in the NKR.