Sat, 26 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armbusinessbank annuls credit obligations of soldiers killed in Nagorno-Karabakh

YEREVAN, April 7. /ARKA/. Armenian Armbusinessbank Board of Directors has decided to annul all credit obligations of servicemen who were killed in the latest upsurge of violence in Nagorno-Karabakh provoked by Azerbaijan, and also the obligations of their families.

“In view of the latest hostilities in the Nagorno-Karabakh conflict zone and their consequences and  commending the selfless patriotism of the heroes of the Armenian nation during the battles to protect our  land and our  own people from the enemy’s offensive, the Board of Directors of  Armbusinessbank in the person of  chairman Arsen Mikaelian, made a decision today to  annul all the credit obligations of the servicemen killed in the hostilities from April 1 to April 7 and also the credit obligations of their  families,” the bank said in a statement.

Earlier Prime Minister Hovik Abrahamyan said the government would consider subsidizing loans provided to families of the killed servicemen, as well as university tuition fees of soldiers currently serving on the front lines. -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img