Union of Banks of Armenia supports Karabakh war heroes and their families

YEREVAN, November 23. /ARKA/. ‘Now it is more than necessary to support the heroes of the Karabakh war and their families,’ the Union of Banks of Armenia said in a statement today issued in connection with the Day of the Banker, celebrated on November 23.

The Union of Banks of Armenia expressed gratitude to the staff of the banks who from the very first days of the war got involved in the national struggle on the front line and in the rear. As part of the mobilization and as volunteers 412 employees of Armenia-based commercial banks went to the front. Some of them were killed in the fighting and many others were wounded.

The Union of Banks of Armenia said also that bank employees in the rear, for their part, did everything possible for the soldiers fighting on the front line and their families.

In particular, by joining the programs initiated in Armenia and by the Diaspora, financial and humanitarian assistance was provided to Artsakh and its residents, including money transfers to the Ministry of Finance of the Republic of Artsakh, the Hayastan All-Armenian Fund and the Military Insurance Fund.

The bank employees purchased food, clothing, medicines and basic necessities to deliver them to the front line, as well as to provide housing to families who moved from Artsakh to Armenia.

“Due to the martial law in Armenia, in order to make the assistance provided to borrowers more significant, commercial banks have also initiated client support programs, from delaying loan repayments to partial or complete cancellation of the loan,” the statement said.

The Union of the Banks of Armenia said also that contributing to the development of the country, the economy and financial stability, the banking system will continue its work and mission with full responsibility, knowing full well that now it is more than necessary to support the heroes of the war and their families who fought for the Motherland. and also for the strengthening of Armenia and Artsakh.

The Day of the Banker is marked in Armenia on November 23. On this day in 1993, the Soviet ruble was replaced with the Armenian national currency, the dram. –0–

spot_img

POPULAR

Acba Bank at COP17: Solutions for Sustainable Agriculture

At COP17, Acba Bank participated in a panel discussion organized by the European Bank for Reconstruction and Development (EBRD) dedicated to the future of sustainable agriculture, long-term investments, and the need for environmentally responsible financing solutions.

IDBank has issued perpetual coupon bonds for the first time

On November 2, 2026, IDBank will, for the first time, offer registered perpetual coupon bonds through a public offering on the following terms.

Armenia plans to attract $1.1 billion in loans in 2027 – Finance Minister

The Armenian government plans to attract $1.1 billion in loans in 2027, said RA Finance Minister Vahe Hovhannisyan.

Euro and dollar rose against the Armenian dram, while the ruble weakened: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 0.36 points on November 2, 2026, compared to October 30, 2026, to 360.6 drams.

Central Bank of Armenia conducts currency interventions to prevent market turmoil – Galstyan

In the face of a significant influx of foreign capital, the Central Bank of Armenia periodically conducts currency interventions to prevent serious turmoil in the currency market.

LATEST NEWS

spot_imgspot_imgspot_img