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Armenian banks forgive 2.5 billion drams worth loan debts

18.05.2021 16:35

Armenian banks forgive 2.5 billion drams worth loan debts

YEREVAN, May 18. /ARKA/. Armenian banks have already forgiven 2.5 billion drams worth loan debts, chairman of the Central Bank Martin Galstyan said on Tuesday, speaking at a meeting of the parliamentary committee on financial and budget issues.

He said the move was dictated by a dramatic drop in population's and business entities' incomes causing problems with repayment of their loans.

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