Sat, 27 September
14.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Armenian banks grant credit vacations for more than AMD 24.7 billion – Pashinyan

YEREVAN, April 9. /ARKA/. Armenian banks have provided individuals and legal entities with “vacations” on loans totaling over 24.7 billion drams, Prime Minister Nikol Pashinyan said at a government meeting on Thursday.

He said that according to the data on Thursday, Armenian banks have provided credit vacations to almost 290,000 citizens in the amount of 9.3 billion drams, as well as 5,300 legal entities in the amount of 15.4 billion drams.

“I hope that there is every reason to say that the process will continue. Moreover, I want to stress that these decisions were adopted without any administrative interference from the government,” Pashinyan said.

He stressed the importance of this fact, saying that at the beginning of the crisis many forces and partners tried to stir the authorities into making an administrative decision that would force banks, but the government decided to take a different path.

“The fact that the banking system has responded to our political calls shows that this most sensitive system trusts the anti-crisis policy pursued by the government, which is also evidenced by market processes. After a certain tension for several days, the foreign exchange market and the banking system are in a calm state,” Pashinyan said.

Moreover, he added, in recent days there has been a certain tendency to increase bank deposits, while there are cases when citizens transfer dollar deposits into dram deposits, which is the clearest evidence of confidence in the anti-crisis policy pursued by the government. ($ 1 – AMD 496.58) . -0—

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img