ARARATBANK extends the credit leave until June 1

ARARATBANK has extended the credit leave announced between 16 March and 16 May 2020 until 1 June  2020, shifting each day to the next working day until May 31 inclusive.      

The liabilities accumulated during the credit leave will be allocated for individual customers based on a customer request also providing an opportunity to allocate debts through getting a new loan or reconsidering the maturity of an existing loan.              

To submit their requests, customers can visit any branch of the bank by the 25th of May 2020 inclusive or make use of AraratMobile app. Where a customer fails to submit a respective request, accumulated liabilities will be allocated over the further maturity period of the loan.       

Please also be informed that the loans which mature during the credit leave, the maturity thereof will be extended by two months by the end of the credit leave.                  

Please note that, given the current situation, the liabilities that became past due during the credit leave will not affect a customer’s credit history.