Mon, 30 June
26.1 C
Yerevan
USD: 384.32 RUB: 4.89 EUR: 450.23 GEL: 141.11 GBP: 527.56

Government to restructure army officers’ loans

YEREVAN, December 24 /ARKA/. Armenia’s acting Prime Minister Nikol Pashinyan wrote in a Facebook post that the government is going to restructure loans of several thousand of career and warrant army officers.

According to him, this decision will reduce the interest rate on their loans by half and also extend the payment period. “For example, if an officer pays monthly 50 thousand drams to repay the loan now, after restructuring he will pay 25,000 drams for the same loan,” he said.

He said the government will also discuss ways to help retired army officers in the purchase of housing.
“This, of course, will not be a complete solution, but the issue will get off the ground. In the near future, we will make an important decision about the purchase of apartments by active military personnel,” he said.-0-

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenian banks  in 2024 increased profit by 61% to 363 billion drams – UBA

Armenia-based banks made a profit of 363 billion drams in 2024, an increase of about 137 billion drams, or 61%, compared to 2023,  Daniel Azatyan, the head of the Union of Banks of Armenia (UBA) told a press conference today.

Central Bank invalidated banking license of Ardshininvestbank due to its merger with Ardshinbank

The Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.

LATEST NEWS

spot_imgspot_imgspot_img