Atom Margaryan: The beneficiaries of consumer loans also have a problem with updating their credit history

At a meeting with Prime Minister Nikol Pashinyan with the participation of bank managers, the problem of accumulated fines on private and personal loans to individuals was discussed. All banks providing farm loans expressed their readiness to mercy the fines of farmers accumulated before June 1, 2018, which more than 100,000 citizens will use. "This is beneficial for banks, because they have the opportunity to move their business programmes from a dead center. The beneficiaries of consumer loans also have a problem with updating their credit history," says economist Atom Margaryan. According to the economist, this amnesty is one-time, but in the future it is necessary to think about the institutionalization of this process. According to Atom Margaryan, in a short time banks cannot reduce percents.