Armenian credit organizations award credit holidays to borrowers who volunteered to defend Karabakh

YEREVAN, October 2. /ARKA/. Credit organizations in Armenia will award credit holidays to those borrowers who have volunteered or were called up to the armed forces for the entire period of marshal law, declared after the large-scale offensive by Azerbaijan against Nagorno-Karabakh, the Union of Credit Organizations said in a statement today.

This decision was made during a meeting at the Central Bank of Armenia, it said. Under the decision,  starting from September 27, 2020, overdue  monthly repayments on loans will not be considered delays, will not be reflected in the credit register, and no fines and penalties will be imposed.

Volunteers and those who were called up need to submit a certificate issued by the regional division of the military commissariat.

According to Armenian military sources, some 1,750 Azerbaijani soldiers have been killed in the hostilities launched by Azerbaijan on September 27 and more than 2,700 were wounded. Armenian troops have also destroyed 205 units of various armored vehicles, 1 Smerch, 1 Uragan and 3 TOS-1A multiple launch rocket systems, 107 UAVs, 10 helicopters and 5 warplanes.

According to the defense ministries of Armenia and Artsakh, more than 150 Armenian servicemen have been killed, several hundred have been injured. Also, 11 civilians in Artsakh were killed and over 60 were wounded. Armenia and Artsakh have declared martial law and full mobilization. -0-

spot_img

POPULAR

Pensions, benefits, and cashback: Armenian government allocates 40.8 billion drams for these purposes

At its meeting on Thursday, the Armenian government decided to allocate 40.8 billion drams to fund pension and social payments for the fourth quarter of 2026.

As part of its 35th-anniversary events, IDBank has signed a Memorandum of Understanding with the Matenadaran

A new biodiversity park will be established in the heart of the capital, covering approximately 1.2 hectares adjacent to the Matenadaran.

Net inflow of remittances to Armenia from abroad doubled over 8 months

The net inflow of cross-border remittances to individuals in Armenia, received from abroad via the banking system of the Republic of Armenia, totaled $1.8 billion in January–August 2026, compared to $889.3 million in January–August 2025, according to a report by the republic's Central Bank.

NVB Frontier Forum: Where global technology market and private capital meet in Yerevan

Space technologies, artificial intelligence, and private markets are gradually emerging as key areas for new investment opportunities.

Unibank has issued perpetual bonds with an annual coupon yield of 13.2%

Unibank announces a new issue of perpetual bonds denominated in AMD. The total issue volume is AMD 3 billion, with the placement scheduled to continue until 4 December 2026.

LATEST NEWS

spot_imgspot_imgspot_img