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

Cube Invest contributes to the development of Armenian investment market

At the initiative of leading investment company Cube Invest, the first-ever "INVESTMENT PERSPECTIVES 2026" conference was held, bringing together leading financial and banking experts, high-ranking representatives of government agencies and organizations, investors, and entrepreneurs.

Deposits in Armenian commercial banks at the end of July amounted to approximately 8.3 trillion drams

Deposits in commercial banks in Armenia at the end of July 2026 amounted to 8,289,634 million drams, compared to 8,070,715 million drams in June. This is according to data from the Statistical Committee of the Republic.

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.06 points on September 8, 2026, compared to September 7, to 363.64 drams.

Armenia’s public debt in the first half of the year amounted to 5.1 trillion drams, down 3.5% – Finance Ministry

Armenia's public debt as of June 30, 2026, amounted to 5.12 trillion drams, compared to 5.30 trillion drams as of December 31, 2025, announced RA Finance Minister Vahe Hovhannisyan.

Armenia calls on Visa to reduce fees for cashless payments through POS terminals

RA Deputy Prime Minister Mher Grigoryan called on the international payment system Visa to discuss the possibility of reducing fees charged for cashless payments through POS terminals in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img