16.03.2020 16:47
YEREVAN, March 16. /ARKA/. The Central Bank of Armenia has clarified the situation on loan repayments amid the risk of the spread of coronavirus. The regulator says in its statement that all citizens who in the current situation due to various insurmountable problems as a result of circumstances beyond their control will encounter the problem of repaying their loan obligations in accordance with their contractual obligations can apply to their banks.
The Central Bank of Armenia called on commercial banks, taking into account the current situation, to apply an individual approach to the loan obligations of borrowers, especially those borrowers who have businesses in the hotel, restaurant, transport, and entertainment sectors. In addition, the central bank recommends being in touch and conducting all work on the basis of mutual agreement, in order to avoid undesirable results.
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