President Serzh Sargsyan has expressed condolences on the death of renowned Armenian philanthropist and benefactor Kevork Hovnanyan, RA President's press service reports. "With great regret I learnt about the death of great benefactor Kevork Hovnanyan. He was one of the outstanding personalities who continued the Armenian traditions of philanthropy. With his death, Armenian people lost one of their greatest sons and the state lost a patriot," President says in his address.