Thursday, April 9 2020 11:44
Alexandr Avanesov

Premier: Credit holidays provided by Armenian commercial women were  carried out without administrative influence

Premier: Credit holidays provided by Armenian commercial women were  carried out without administrative influence

ArmInfo.At the beginning of next week, a package of state assistance for all those Armenian citizens who are the beneficiaries of various programs. On April 9,  Prime Minister Nikol Pashinyan stated this at a government meeting.

According to him, the government of the country approved and find  their application 9 anti-crisis programs of state assistance.

A total of AMD 3.670 billion has already been invested, which is 10%  less than the planned amount, and there are all prerequisites for  expanding these volumes. The government has published an electronic  window through which citizens can verify whether they are  beneficiaries of programs or not. As the head of government noted,  many citizens are not beneficiaries, but given that the data is  updated on a daily basis, there are also opportunities for expanding  the list.

In addition, as noted by Nikol Pashinyan, the country's commercial  banks provided 290 thousand individuals with credit holidays for a  total the amount of 9.3 billion drams, and 5300 legal entities - 15.4  billion drams. As the prime minister emphasized, there is every  reason to say that this process will continue. At the same time,  Nikol Pashinyan stated that the actions of the country's commercial  banks occurred without any administrative influence from the  government, which, he said, is very important, since this fact is a  clear evidence of the confidence of the country's banking system in  anti-crisis actions of the executive body. This is also evidenced by  the processes taking place in the foreign exchange market, in which  there is calm on the part of the banking system. Moreover, there is  even a slight increase in bank deposits, there are even cases when  deposits in foreign currency changed to deposits in drams, which,  according to the Prime Minister, is also evidence of public  confidence in anti-crisis measures implemented by the government. 

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10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

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200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

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 5.8314%

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2

The maturity date of T-bills

03.02.2020

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