{"id":115055,"date":"2018-07-12T13:40:33","date_gmt":"2018-07-12T13:40:33","guid":{"rendered":"https:\/\/armbanks.am\/2018\/07\/12\/247656\/"},"modified":"2024-12-15T13:34:21","modified_gmt":"2024-12-15T13:34:21","slug":"converse-bank-to-forgive-fines-and-penalties-on-individuals-overdue-loans","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/07\/12\/115055\/","title":{"rendered":"Converse Bank to forgive fines and penalties on individuals\u2019 overdue loans"},"content":{"rendered":"

YEREVAN, July 11. \/ARKA\/.<\/strong> Converse Bank has started forgiving fines and penalties on individuals\u2019 overdue loans, the bank\u2019s press office reported on Wednesday.<\/p>\n

\u201cTaking into account latest changes in the tax code, Converse Bank has decided to forgive fines for individual loan repayment delayed for 271 days and more as of 31.05.2018. A schedule for payment of the principal amount and interests is agreed with clients,\u201d the bank says in its press release.<\/p>\n

Converse Bank also expresses readiness to refinance these loan contracts setting up to seven-year repayment term, taking into account the amounts of the liabilities, money flows, season factor and guarantees.<\/p>\n

Honest clients, who comply with their contractual obligations set up with a new schedule, will recover their credit history, will expand their cooperation with the bank and will receive a chance to enjoy the bank\u2019s new products.<\/p>\n

To discuss the loan repayment schedule it is necessary to visit any of Converse Bank\u2019s branches before the end of this year.<\/p>\n

\u201cDespite the tax changes apply to individuals\u2019 loans, a program of restructuring loan obligations, which targets bad classified loans up to AMD 20 million is being worked out now for legal entities and private companies,\u201d the press release says.<\/p>\n

On June 21, the Armenian National Assembly passed amendments to the tax code allowing banks in Armenia to forgive citizens\u2019 delayed loan repayment fines and penalties.<\/p>\n

Converse Bank CJSC was registered on December 20, 1993. The bank shareholders are Advanced Global Investments LLC (Argentina) with 80.94%, the Mother See of the Armenian Apostolic Church in Echmiadzin with 5% and HayPost Trust Management B.V. Company with 14.06%. -0—-<\/p>\n","protected":false},"excerpt":{"rendered":"

Converse Bank has started forgiving fines and penalties on individuals\u2019 overdue loans, the bank\u2019s press office reported on Wednesday<\/p>\n","protected":false},"author":1,"featured_media":186989,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12491,14743,13529,13833],"class_list":{"0":"post-115055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-converse-bank","11":"tag-forgive","12":"tag-overdue-loans","13":"tag-penalties"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/115055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=115055"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/115055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/186989"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=115055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=115055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=115055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}