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

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.87 points on August 5, 2026, compared to August 4, to 366.14 drams.

Armenia to attract $150 million loan from ADB for budget support

At a meeting on Thursday, the Armenian government approved a $150 million loan agreement with the Asian Development Bank (ADB) under the "Fiscal Sustainability and Financial Market Development – ​​Subprogram 3" program.

IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch Campaign

IDBank has expanded its card portfolio with the new Mastercard World card, created for those who value convenience not only in their everyday purchases but also while traveling.

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

Average exchange rate of the Armenian dram to the US dollar in July was 366.8 drams, compared to 384.1 drams a year earlier

In July 2026, the average exchange rate of the Armenian dram to the US dollar in Armenia was 366.8 drams (in July 2025, the exchange rate was 384.1 drams).

LATEST NEWS

spot_imgspot_imgspot_img