Ameriabank COVID-19 Response and Financial Highlights
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COVID-19 in Armenia
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First registered case of COVID-19 in Armenia on March 1.
State of Emergency declared on March 16, with almost total lockdown and closure of all non-essential business.
Gradual lift of restrictions starting from May 1, with almost all business activities restored as of June 1, with the
exception of the services that imply large gatherings (cinema, theatre, museums, schools, etc). Public transport and
public kindergartens now fully operational with certain restrictions and strict control.
Stricter social distancing and limitations rules enforced starting from May 18, as COVID-19 registered cases started
to surge after mid May.
COVID-19 cases reached the peak in the end of June with slow down of infection rates starting from July.
Government Response
The Government has presented its anti-crisis
program that will be not only supporting both
businesses and households to survive the crises,
but will also ensure competitiveness of the post-
crises economy.
The first anti-crises package has been introduced
for AMD 150bn+ (2.3% of GDP) which includes
nine support to business programs, mostly to
SMEs and companies from the sectors that are
hit harder, and thirteen social support and
allowance programs.
Central Bank of Armenia Response
• The refinancing rate was cut by 50 bps reaching
4.5%.
Basel III related additional buffers requirements
are postponed till 2021 and thresholds for the
CAR are reduced (Tier 1 threshold reduced from
10% to 9%).
Basel III related liquidity requirements - LCR &
NSFR, are postponed till Jan 1, 2021 too.
• Banks are offered an unlimited repo window and
2 to 6 month FX swap operations.View entire presentation