The legislative amendment has helped clear the credit histories of nearly 130,000 people, meaning all these people, who used to be on the “black list”, can now receive loans. This is what Armenia’s Premier Nikol Pashinyan said in response to questions from MPs during a discussion on the report on the government’s activities in 2018 at the National Assembly on 27 March.

According to Pashinyan, it is very important for a person applying for a loan to plan his expenses and future actions. “The government has provided banks with the opportunity to draft schedules for expired loans. Currently, the credit histories of nearly 9,000 people have been restructured. Banks have changed the time limits and their interest rates and pardoned penalties, but the main amounts need to be returned,” the Premier clarified.