Armenian banks to make concessions to clients because of coronavirus – Pashinyan

YEREVAN, March 16. /ARKA/. In connection with the spread of coronavirus in Armenia, local banks will take an individual approach to customers so that they do not face the problem of repaying loans, Armenian Prime Minister Nikol Pashinyan said during a live broadcast on his Facebook page.

“On Monday, the central bank addressed the commercial banks with a corresponding letter to review the conditions of lenders who have problems due to the coronavirus. This is the sphere of tourism, services and entertainment, which can lose customers because of the coronavirus,” the prime minister said.

In his words, after discussions with customers, banks will extend loan repayment terms, revise interest rates and currency, or all these measures will be implemented together.

“As a result of this, the credit history of bank customers will not be spoiled, they will have the necessary resource to solve temporary problems,” he said.

According to the latest reports, as of March 16, there were 30 confirmed cases of coronavirus in Armenia. About 300 people were isolated. The first case of coronavirus infection in Armenia was confirmed on March 1, the infected man has already recovered. Among those infected were Armenian citizens from Iran and Italy (residents of Yerevan, Echmiadzin and Meghri), people in contact with them, as well as one Italian citizen and a visitor from France. The vast majority of those infected, including one schoolchild, are residents of Etchmiadzin. -0-

spot_img

POPULAR

Euro fell 2.02 points against the Armenian dram: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on March 26, 2026, fell 0.18 points compared to March 26, to 377.18 drams.

Bankruptcy will be regulated in Armenia

At its session on Wednesday, the National Assembly of Armenia adopted amendments to the RA Bankruptcy Code in the first reading, along with the accompanying legislation.

FINTECH360 International Conference to Bring Together 500 Participants in Yerevan

The FINTECH360 International Conference will bring together over 500 participants in Yerevan from April 27 to 29, welcoming senior industry executives from banks, money transfer companies, payment platforms, IT firms, and startups representing more than 30 countries.

Euro and ruble exchange rates against the Armenian dram fell, while the dollar continued to rise

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of March 26, 2026, increased by 0.16 points compared to March 25, reaching 377.36 drams.

Pashinyan: Regional Situation Increases Inflation Risks in Armenia

Armenian Prime Minister Nikol Pashinyan commented on the correlation between pension increases and rising inflation.

LATEST NEWS

spot_imgspot_imgspot_img