Ameriabank news

Please be informed that Ameriabank offers a grace period on the credit obligations* described below. The offer is valid until 31.08.22 

If you’re an individual from any of the groups specified below, you may benefit from the grace period on payment of the loan principal and interest/service fees until and including 31.08.22 (the benefit doesn’t apply to those mortgage loans which have been provided for purchase, renovation and construction of real estate outside Artsakh):

• Individuals actually resident in Artsakh, 
• Individuals having their center of vital interests in Artsakh. .

If you’re an individual from any of the groups specified below, you may benefit from the grace period on payment of the loan principal and interest/service fees until and including 31.08.22 (the benefit doesn’t apply to those mortgage loans, which have been provided for purchase, renovation and construction of real estate outside Artsakh, and those clients, who received refusal of support from Artsakh Investment Fund):

• Legal entities and individual entrepreneurs running their business or registered in Artsakh,
• Legal entities and individual entrepreneurs having their center of vital interests in Artsakh¹.

Please be informed that this offer applies only to those agreements of the specified customers that have no overdue obligations. The grace period will be applicable as follows below:

• The interest and the service fees payable according to a certain repayment schedule should be repaid by legal entities and individual entrepreneurs, while for individuals, the interest will be transferred to the payment date following after the expiry of the loan vacation. The principal not paid under the agreement (for all clients) and the service fees (for individuals only) will be redistributed over the remaining payment period. 
• The interest under the overdraft and line of credit obligations of legal entities and private entrepreneurs should be paid; the interest under the agreements with individuals will be transferred to the first payment date following the loan vacation. Redistribution of the outstanding loan principal will not be applied, irrespective of the group of clients.

Please be also informed that if the loan interest rate was above 10% in April this year, Ameriabank reduced the interest rate in favor of customers until October 2023 , setting the maximum interest rate at 10%, while the maximum service fee under the installment loans was fixed at 0.5%.

If you are interested in this offer, you should provide proof of eligibility satisfactory to the Bank or other solid evidence (unless you have already provided such documents to the Bank, in which case you don’t have to file them for the second time. If you don’t notify the Bank in writing about refusal to use the offer, the conditions specified in the offer will apply to the eligible customers as specified in the offer).

*In addition to the described criteria, the above specified offer will not apply to the credit obligations where the principal amount is above AMD 25 million (or its equivalent in foreign currency). If the amount of your credit obligations is above the specified threshold, please approach any of Ameriabank branches, in which event each borrower will be treated on a case-by-case basis. 

Any actions aimed at the acceptance of this public offer or ensuring that the conditions defined herein are met will be considered acceptance of all the conditions specified in this offer.

For additional information, please, call +374 10 561111.

¹ For the purpose of this offer, whether or not the center of vital interests is in Artsakh is determined by the Bank. If you would like to check if you qualify for the specified criteria, please contact the Bank.