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

Armenia’s sovereign rating increase should lower interest rates, but external factors are putting inflationary pressure on the country: Pashinyan

During government hour in parliament on Wednesday, Armenian Prime Minister Nikol Pashinyan raised the possibility of raising interest rates on loans.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 14–20)

This week, Armenia's financial agenda was shaped by changes in monetary policy direction, the cost of bank funding, inflation, and the situation in the foreign exchange market.

IDBank in Monaco: Armenian Financial Innovation on a Prestigious International Stage

During the two-day exhibition held in Monte Carlo, Armenia and Armenian products were showcased to the international community, ranging from fine jewelry and diamond manufacturing to innovative banking solutions.

More than just awards: the Junius Financial Tournament has concluded

Complex calculations, tough competition and major victories: the popular among children Junius Financial Tournament has come to an end.

Risk premium on Armenian Eurobonds has decreased to approximately 170 bps – Central Bank Governor

The risk premium on Armenian Eurobonds has decreased to approximately 170 bps, Central Bank Governor Martin Galstyan stated yesterday at a press conference, responding to a question from ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img