Armenia banks annul fallen soldiers', their families' credit obligations

Armenia banks annul fallen soldiers', their families' credit obligations

PanARMENIAN.Net - VTB-Armenia Bank became the latest financial institution to cancel the credit obligations of soldiers who were killed or went missing in the course of the latest clashes between Karabakh and Azerbaijan.

"We do our best to alleviate the financial burden of the fallen soldiers' families," the Bank said in a statement.

Also, ACBA Credit Agricole bank announced zeroing out of the deceased soldiers and their families' credit obligations.

Prior to that, Armbusinessbank annulled the fallen soldiers' credit obligations as well.

The parties to the Karabakh conflict agreed on a bilateral ceasefire along the contact line which came into force at midday, April 5.

On the night of April 1-2, Azerbaijani armed forces initiated overt offensive operations in the southern, southeastern and northeastern directions of the line of contact with Nagorno Karabakh.

As many as 44 Karabakh servicemen were killed and 122 were wounded in the course of military operations.

As of April 5, the Azerbaijani side has lost 26 tanks and 4 infantry fighting vehicles, as well as 1 BM-21 Grad multiple rocket launcher, 1 engineering vehicle, 2 military helicopters and 14 unmanned aerial vehicles. The Azerbaijani side has admitted the loss of 31 fighters, 1 helicopter and 1 unmanned drones, whereas the Armenian side's photo and video materials show dozens of killed Azerbaijani troops, 1 helicopter and 3 UAVs.

14 Karabakh tanks have been neutralized since April 2.

Read also: Overview of Karabakh escalation: Interactive map

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