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Some 13.3 billion drams refunded to mortgage borrowers in 2020

07.04.2021 17:38

Some 13.3 billion drams refunded to mortgage borrowers in 2020

YEREVAN, April 7. /ARKA/. In 2020, Armenia's State Revenue Committee refunded a total of 13.3 billion drams in individual income taxes to mortgage borrowers so that they could use the money  to pay interests on their mortgage loans, Deputy Finance Minister Arman Poghosyan said during a meeting of the parliamentary committee on economic issues on Wednesday.

Under the Armenian law, the home's price should not be more than 55 million drams. Also, the refunds should not be more than 1.5 million drams per quarter.

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VTB Bank (Armenia) refunds 80 million drams as part of super interest rate offer

25.01.2018 17:30

VTB Bank (Armenia) refunds 80 million drams as part of super interest rate offer

The VTB Bank (Armenia) has refunded more than 80 million drams to those of its customers who were provided with installment loans as part of special offer, called “Super Interest Rate.”

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VTB Bank (Armenia) pays 20 percent refund to bona fide borrowers

22.03.2017 17:50

VTB Bank (Armenia) pays 20 percent refund to bona fide borrowers

The Yerevan-based VTB Bank (Armenia) said today it will continue to refund up to 20% of the principal amount of an installment loan to its bona fide borrowers after the full repayment of the loan

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