Armenia’s banks and credit organizations grant credit vacations to 470,000 individuals and 14,600 legal entities

29.04.2020 14:51
Armenia’s banks and credit organizations grant credit vacations to 470,000 individuals and 14,600 legal entities

YEREVAN, April 29. /ARKA/. As of April 27, banks and credit organizations of Armenia together have granted credit vacations or otherwise revised 758,325 loans of 470,000 individuals worth 26.5 billion drams, as well as 16,356 loans of 14,6 00 legal entities in the amount of 48.3 billion drams, the press service of the Union of Banks of Armenia reports.

According to the data of commercial banks, banks alone have revised 698 302 individual loans in the amount of 21.7 billion drams, and 12 788 legal entities loans in the amount of 46.7 billion drams.

A state of emergency in order to suppress the spread of the coronavirus operates in Armenia from March 16 to April 14. Restrictions on free movement and certain types of economic activity in Armenia in a state of emergency (previously imposed for the period from March 24 to March 31) were extended until April 12 inclusive.

On April 13, the government extended the state of emergency for another month - until 17:00 on May 14, 2020 inclusive, expanding the list of business areas that are allowed to work again.

As of April 29, there are 1,932 confirmed COVID-19 cases, 900 recovered patients and 30 deaths in Armenia. ($1 – AMD 479.63). M.V.--0---


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