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

Armenia approves €80 million loan agreement with OPEC Fund

At a meeting on Thursday, the Armenian government approved a draft loan agreement with the OPEC Fund for €80 million as part of the "Armenia Economic Transformation Program."

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (August 31 – September 6)

Armenia's financial agenda this week focused on capital market development, macroeconomic indicators, and attracting international financing for government programs.

Market capitalization exceeded 356 billion drams in August – Armenia Securities Exchange

Equity market capitalization in August 2026 exceeded 356.2 billion drams, the press service of the Armenia Securities Exchange (AMX) reported.

“Orran” Students Start the New Academic Year with Support from “The Power of One Dram”

On September 1, students of the “Orran” charitable NGO welcomed the new academic year with all the necessary school supplies, with the support of “The Power of One Dram” initiative.

“Anomaly in the Armenian market: Some bank bonds are trading at a yield lower than sovereign Eurobonds — KK Partners

The authors of the study "Free Lunch in Yerevan: An Arbitrage Anomaly in the Armenian Bond Market" draw attention to the unusual ratio of bank and sovereign bond yields for the debt market.

LATEST NEWS

spot_imgspot_imgspot_img