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

Financial Technology as a Sales Engine: IDBank Presented Its Fintech Ecosystem at Mantashyants Global Business Forum 2026

How modern fintech solutions are changing consumer behavior, expanding financial opportunities for businesses, and stimulating the economy was the focus of the presentation "When Financial Technology Becomes a Sales Engine," delivered by Grigori Yolyan, Head of the Commercial Partnership Department at IDBank, during Mantashyants Global Business Forum 2026.

EDB has identified three main drivers of economic growth in Armenia

The Eurasian Development Bank (EDB) has identified the services sector, construction, and industry as the main drivers of economic growth in Armenia in January–May 2026.

Armenia’s GDP growth forecast is around 5.4-5.6% in the medium term: Finance Minister

The Armenian government forecasts stable economic growth of 5.4-5.6% annually in the medium term, stated RA Finance Minister Vahe Hovhannisyan.

VTB (Armenia) reports increased demand for agricultural lending products

VTB (Armenia) is reporting increased demand for its "Fast" loan product, designed for clients operating in the agricultural sector.

An additional 10 billion drams will be allocated for a cashback program for pensioners in Armenia

An additional 10 billion drams will be allocated from the 2026 state budget of Armenia for a cashback program for pensioners making non-cash payments.

LATEST NEWS

spot_imgspot_imgspot_img