Armenian banks provided 200 loans for building housing in border villages, Deputy Minister says

YEREVAN, November 28. /ARKA/. Since June 2023 Armenia’s banks have provided 200 loans sought for construction of housing in border villages, Deputy Minister of Labor and Social Affairs David Khachatryan said on Tuesday.

He said many families have already started construction. The amount of government support is 16 million drams.

Khachatryan said at a press conference that refugees can build houses with a larger area if they wish, but they will have to attract their own funds for that.

In addition, the amount of loan t provided by the bank can be increased. However, in this case the latter will have to conduct an analysis to assess the creditworthiness of the applicant.  Refugees from Nagorno-Karabakh can also take advantage of this program. -0-

spot_img

POPULAR

Armenia Needs New Projects to Be Financed by Banks and Pension Funds: Central Bank Governor

Armenia needs high-quality projects that could be financed by banks and pension funds, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Armenia’s loan portfolio has grown by approximately 20% annually for the past three years: Central Bank Governor

Armenia's loan portfolio has grown by approximately 20% annually for the past three years, Central Bank Governor Martin Galstyan announced at a parliamentary session on Tuesday.

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 5, 2026, decreased by 0.34 points compared to April 30, to 370.44 drams.

The international chess tournament supported by IDBank has concluded

The Yerevan Spring ID Cup, organized with the support of IDBank, has successfully concluded.

Net inflow of remittances to Armenia from abroad increased by approximately 3.2 times in the first quarter

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $458.2 million in January-March 2026, compared to $143.7 million in January-March 2025, according to a report from the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img