Armenian banks provide ‘loan holidays ‘ worth 40 billion drams

YEREVAN, April 13. /ARKA/. Armenian banks and credit organizations have provided individuals and legal entities with “loan holidays” worth 40 billion drams, Prime Minister Nikol Pashinyan wrote in a Facebook posting on Monday.

He said as of April 13, Armenian banks have provided ‘loan holidays’ to 320 thousand citizens worth 12 billion drams , as well as to 6,600 legal entities in the amount of 28 billion drams.

Pashinyan said earlier that many citizens were converting their bank deposits in USD to deposits in Armenian drams, which he said was evidence of citizens’ confidence in the anti-crisis policy of the government. ($1 – 491.18 drams) .– 0–

spot_img

POPULAR

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

“Solis” CJSC’s bonds listed on Armenia Stock Exchange

YEREVAN, August 18. /ARKA/. The range of companies listed on the Armenia Stock Exchange (AMX) continues to expand, contributing to the development of the capital market and creating new opportunities for businesses.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img