Armenian insurers pay compensations to Araratbank against ATM break-in

YEREVAN, November 27. /ARKA/. An ATM of Araratbank cracked and 29mln drams (about 71,400 dollars) taken by violators in Giumry had been insured by Armenian insurance companies that have already started paying out compensations against the damage, the press service of the bank reported.

The information about the ATM break-in case was reported to the policy of Giumry Monday, at 10:00am local time. The manager of Giumry branch of Araratbank informed that unknown offenders cracked the automatic telling machine of the bank on Rishkov Street and stole 29mln drams.

“The bank suffered moral loss; the bank expresses their concern over the accident and hope that the case will be detected in a short time,” says the report.

A criminal proceeding has been instituted on the case (paragraph III of article 177 (large-scale theft), Penal Code).

Approximately two hours later, 1mln 854,000 drams theft (about $4,600 dollars) from an ATM of Ardshininvestbank was reported to the policy of Akhuryan village (not far from Giumry). The branch manager informed the theft cases were recorded between 6:00pm November 23 to 11am November 26.

Araratbank, the successor of Haykap bank, was established in 1991. Some 64.18% of the bank is owned by Barsegh Beglaryan, 25% by EBRD and 10% by Belgian Incofin Investment Management. Araratbank joined NASDAQ OMX Armenia in January 2009.–0–

spot_img

POPULAR

Unibank to Raffle a Trip to Italy

Unibank announces the launch of a special campaign, "More Opportunities with Unibank Mastercard World Travel Card."

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

LATEST NEWS

spot_imgspot_imgspot_img