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

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 27–31)

Armenia's financial agenda last week was determined by banking sector data, rating decisions, inflation and public debt forecasts, exchange rate dynamics, personnel changes at Byblos Bank Armenia, and expert assessments of the possible impact of restrictions on goods supplies to Russia.

Assets of Armenian credit institutions exceeded 905 billion drams in the first half of the year, up 5.12% from the beginning of the year

The total assets of Armenia's credit institutions as of June 30, 2026, amounted to 905.17 billion drams, an increase of 2.58% compared to March 31, 2026, and a 5.12% increase from the beginning of the year.

Idram and IDBank Support Startups at Seaside Startup Summit

Thousands of ideas and numerous participants - all in one place.

IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch Campaign

IDBank has expanded its card portfolio with the new Mastercard World card, created for those who value convenience not only in their everyday purchases but also while traveling.

LATEST NEWS

spot_imgspot_imgspot_img