Armenian banks grant credit vacations for more than AMD 24.7 billion – Pashinyan

09.04.2020 13:00
Armenian banks grant credit vacations for more than AMD 24.7 billion – Pashinyan

YEREVAN, April 9. /ARKA/. Armenian banks have provided individuals and legal entities with "vacations" on loans totaling over 24.7 billion drams, Prime Minister Nikol Pashinyan said at a government meeting on Thursday.

He said that according to the data on Thursday, Armenian banks have provided credit vacations to almost 290,000 citizens in the amount of 9.3 billion drams, as well as 5,300 legal entities in the amount of 15.4 billion drams.

“I hope that there is every reason to say that the process will continue. Moreover, I want to stress that these decisions were adopted without any administrative interference from the government,” Pashinyan said.

He stressed the importance of this fact, saying that at the beginning of the crisis many forces and partners tried to stir the authorities into making an administrative decision that would force banks, but the government decided to take a different path.

“The fact that the banking system has responded to our political calls shows that this most sensitive system trusts the anti-crisis policy pursued by the government, which is also evidenced by market processes. After a certain tension for several days, the foreign exchange market and the banking system are in a calm state,” Pashinyan said.

Moreover, he added, in recent days there has been a certain tendency to increase bank deposits, while there are cases when citizens transfer dollar deposits into dram deposits, which is the clearest evidence of confidence in the anti-crisis policy pursued by the government. ($ 1 – AMD 496.58) . -0—


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