Thu, 26 February
2.1 C
Yerevan
USD: 376.92 RUB: 4.92 EUR: 444.01 GEL: 140.90 GBP: 509.29

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

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (February 16-22)

Last week, the Armenian financial market was distinguished by intensified institutional interactions in the banking sector and debt market dynamics.

IV Conference Capital Markets Armenia to Take Place on March 13, 2026, in Yerevan

The IV Conference Capital Markets Armenia, an annual international event dedicated to the development of the capital market of the Republic of Armenia and its integration into the global financial system, will be held in Yerevan at the Marriott Hotel.

Armenia’s reserves reached a record $5.2 billion in 2025, forming an external resilience buffer – S&P

Armenia's international reserves strengthened significantly in 2025, providing an important buffer against unpredictable external factors, according to a report from international rating agency S&P Global Ratings.

Ranking of largest credit institutions in Armenia by asset volume in 2025

ARKA News Agency has published a ranking of Armenia's largest credit institutions by total assets for 2025.

Euro, dollar, and ruble exchange rates against the Armenian dram fell after two days of gains: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 25, 2026, fell by 0.92 points compared to February 24, to 376.92 drams.

LATEST NEWS

spot_imgspot_imgspot_img