Banks Will Choose Whose Loans to Forgive and Whose Not, Suren Paryan

Banks will choose whom to forgive loans for and whom not to. This was stated by Suren Paryan, an economist and head of the Economic Research Office of the ARF Bureau, on his Facebook page.

He specifically noted, “During these wartime days, it is crucial to provide the public with accurate and complete information. Many citizens have reached out to me for clarifications regarding the loan forgiveness project that was approved in the first reading today in the National Assembly. I believe many need this clarification.

Dear compatriots, with this project, loan forgiveness for all individuals killed or disabled as a result of military actions will not happen automatically; banks will choose whom to forgive and whom not to.”