Thu, 16 October
5.1 C
Yerevan
USD: 382.67 RUB: 4.84 EUR: 444.93 GEL: 141.23 GBP: 511.44

Ardshininvestbank’s branch employee wanted by police

YEREVAN, August 26. / ARKA /. Armenian police said they have put Hovhannes Hambardzumian, a former employee of Ardshininvestbank’s branch in Vardenis, in Gegharkunik province, on the list of wanted criminals.

According to a statement posted on the Police Service’s official website, in 2006-2007, former employees of the branch, its manager Armen Baghdasarian and employee Hovhannes Hambardzumian, entered into a collusion with a private entrepreneur Khachatur Shaboyan and director of Vasarat Ltd., Hovik Khachatrian, prepared false documents on behalf of borrowers, worth 95.8 million drams.Then, under the pretext of purchasing by installment plan electronic appliances valued at some 27.6 million dollars, they signed contracts for provision of loans. This amount was in parts transferred to the bank accounts of Kh. Shaboyan company engaged in the sale of household appliances, and Vasarat company and then was cashed and pocketed. Khachatryan and Baghdasarian were convicted, but Hovhannes Hambardzumian born in 1974, fled to avoid trial, and now is wanted.  -0-

spot_img

POPULAR

US dollar and euro exchange rates against Armenian dram fall, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, based on the results of October 9, 2025, fell by 0.2 points compared to October 8, to 382.55 drams.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img