» Citizen about Varks.am announcement and non-fulfillment

Citizen about Varks.am announcement and non-fulfillment

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Citizens with loans in banks and credit organizations are worried they do not know what their situation will be on April 14 as a result of the new coronavirus outbreak.

They say there are day laborers and business people who, for obvious reasons, will not be able to repay the loan on time.

It should be noted that banks and credit organizations provide loans in Armenia. There are 17 operating banks and 43 credit organizations.

ACBA-Credit Agricole Bank will not impose penalties on unpaid loans from March 16 to April 30, Araratbank will grant its clients a two-month credit vacation from March 16, Ardshinbank will not impose penalties on citizens' loans until May 15, and business will show individual approach, Artsakhbank will not apply penalties on May 1, Byblosbank is till May 16 To extend credit vacation, Inecobank expires on April 30 Armeconombank will not apply penalties until May 17, but urges income holders to fulfill their credit obligations, Unibank has set a free schedule of loan repayments until April 14, Evocabank until May 17 credit vacation. "Converse Bank" allowed its clients to postpone the repayment of loans until May 15, if necessary, "Armbusinessbank" postponed until May 30 the regular repayments of loans to individuals. Ameriabank also announced a credit vacation from March 13 to May 13.

In the case of credit organizations, the situation is different.

On March 17, Edmon Marukyan, the head of the NA "Lighting Armenia" faction, applied to Varks.am via his Facebook page, writing: "Varks.am, be a little cooperative and get people in the mood."

Speaking about the problem, MP from My Step faction Sofya Hovsepyan wrote that she had contacted Mogo credit organization, where they were assured that they had delayed payments for a month.

On March 18, WCS UCO CJSC also published a statement on its Facebook page, according to which, from March 19 to April 15, all clients who have met their contractual obligations in due course have been individually treated, and for whom it is currently difficult to meet its credit obligations.