Justice to be established – interests to be paid to Armenian depositors for first day

YEREVAN, January 23. /ARKA/. The National Assembly of Armenia amended Thursday at the first reading the Civil Code. Thanks to the amendment, depositors will have interests also for the first day of their deposits.

Artak Manukyan, an MP from My Step parliamentary faction and co-author of the bill, said that the aim of the initiative is to establish justice.

“Depositors before had no income for the day their deposits were formalized,” he said. “Besides, the banking sector has an opportunity to receive money for this day from the central bank. By this project we’ll try to restore justice, and depositors will get an opportunity to receive money for that day.”

The lawmaker said referring to calculations that if the law had come into force on January 1, 2020, depositors would had received extra AMD 320 million (around $668,000) already.

Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, on his side, said that the government will support this alteration. -0—

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

A New Level of Insurance Innovation: The Armenian Bureau of Motor Insurers and GAIP Sign a Cooperation Agreement

The Armenian Bureau of Motor Insurers and the international organization Global Association of InsurTech Professionals (GAIP) signed a cooperation agreement on Monday in the field of compulsory motor insurance (CMTPLI) and insurance technologies.

State Revenue Committee of Armenia has identified violations in the cryptoasset sector

The State Revenue Committee of Armenia has identified a number of violations in the sphere of the purchase and sale of cryptoassets and the provision of related services, the agency reports.

Unibank provided cashback to more than 2 000 reliable SME borrowers

In the first quarter of 2026, Unibank’s SME loan portfolio increased by 28% compared to the same period last year.

Euro to Armenian dram exchange rate continued to decline, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 14, 2026, rose by 0.15 points compared to May 13, to 368.78 drams.

LATEST NEWS

spot_imgspot_imgspot_img