Compensating Karen Danielyan's family

On June 29th 2017 the ALM committee of the Foundation approved the compensation of private Karen Danielyan, who died while performing his military duties.

The family of Karen Danielyan will recieve a lump sum payment of AMD 10mn (appx. USD 21 000) and monthly payments of AMD 200 000 (appx. USD 400) throughout a period of 20 years. 

As per agreements with “ArmBusinessBank” CJSC the money will be transferred to special accounts opened in the names of the beneficiaries. These accounts will be serviced free of charge.