Artsakhbank will return pledged gold to forcibly displaced persons without repayment of loan obligations

YEREVAN, October 12. /ARKA/. Artsakhbank will return gold items pledged by Nagorno-Karabakh residents to get  secured loans before they had to flee to Armenia, the bank said today.

It said the gold will be  returned and the borrowers will be exempted from their  credit obligations. The bank had already returned more than 400 clients the pledged gold items before they fled to Armenia. Some 500 more borrowers who could not get the pledge in Nagorno-Karabakh can apply to the bank’s branch in Yerevan. -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (September 21–27)

Armenia’s financial agenda this week centered on developing regulatory cooperation, digitizing currency transactions, and expanding capital market instruments.

Unibank Offers USD-Denominated Bonds with an Annual Coupon Rate of 6%

Unibank has completed the placement of its AMD-denominated bonds ahead of schedule: the issue, with a total volume of AMD 3 billion, was fully placed within just a few days.

Central Bank of Armenia will issue a commemorative silver coin for the COP17 conference

On October 5, Armenia will issue a commemorative silver coin titled "COP17," dedicated to the 17th Conference of the Parties to the UN Convention on Biological Diversity, the Central Bank of Armenia’s press service reports.

Special symphony concert: results of trilateral cooperation summed up

Acba Bank, the Hayastan All-Armenian Fund and the State Symphony Orchestra of Armenia summed up the results of musical and cultural projects jointly implemented over many years.

Financial literacy among children: Idram&IDBank

Did you know that, on average, only 11% of 15-year-old students in OECD countries demonstrate capabilities corresponding to the highest, 5th level of financial literacy?

LATEST NEWS

spot_imgspot_imgspot_img