Compensations to families of 4 soldiers

On July 13th of 2017, the ALM committee of the Foundation approved the compensation of families of 4 deceased soldiers.
Today the families of privates Arayik Matinyan, Vigen Petrosyan, Narek Gasparyan and the family of sargeant Vardan Sargsyan will each receive a lump sum payment of AMD 10 million (appx. USD 21.000) and will be accorded monthly payments of AMD 200 000 (appx. USD 450) throughout 20 years.

According to an agreement signed between "ARMBUSINESSBANK" CJSC and “Converse Bank” CJSC, the amounts will be transferred to special bank accounts opened for the beneficiaries which will be serviced free of charge.