A large number of loans of Armenian soldiers killed in the recent Artsakh war and their relatives were written off, Chairman of Armenia’s Central Bank Martin Galstyan told a news conference on Tuesday.
“According to the latest data, banks reviewed or wrote off a large number of loans, with a huge number of loans of the killed soldiers and their relatives written off,” Galstyan said.
He noted that loans together worth about 2 billion drams have already been written off.
“According to our estimates, these processes will continue; the system will write off about 3 billion drams of loans for the families and relatives of our killed and wounded soldiers at its own expense, without receiving any support,” he added.
He also said that a government-drafted bill adopted by the National Assembly refers to the episode that if banks write off or somehow assist in repaying loans of people, their tax liabilities are neutralized.