Armenian regulator warns people against dealing with ross group company

YEREVAN, March 20. /ARKA/. The Central Bank of Armenia warns Armenian citizens against dealing with Ross Group Company, which offers assistance in repayment of loans, the regulator’s press office reported on Friday.

The company’s statement ‘Let’s Repay Your Loans Together’ and similar offers are being spread now in some public places.

The central bank looked through the statements along with the contract offered to clients, where the company promises to assume clients’ loan repayment obligation for 20to 30 percent of the repaid amount, and has come to conclusion that the company’s ‘services’ contain elements of fraud and threaten people with money loss, illegal transfer of personal data and difficulties in protection of their rights.

«Guided by the necessity of protection of consumers, the central bank warns citizens against the above mentioned risks and calls on them to refrain from such deals and cooperation with the company,» the regulator says in its statement. –0–

spot_img

POPULAR

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of March 31, 2026, decreased by 0.38 points compared to March 30, to 377.16 drams.

Euro to Armenian dram exchange rate jumped by 5.36 drams, while the dollar and ruble rose slightly: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of April 1, 2026, increased by 0.07 points compared to March 31, reaching 377.23 drams.

Acba Group invested $45 million in the creation of an AI factory

To spur the development of artificial intelligence infrastructure in Armenia, Acba Bank and Amundi-Acba Asset Management have invested a total of $45 million in Firebird to establish an AI factory and data center.

Armenia to Receive $200 Million from the World Bank to Develop a Sustainable and Competitive Economy

Armenia will receive $200 million (€170.3 million) from the World Bank to support its transition to a more competitive, globally integrated economy with responsible emissions management.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

LATEST NEWS

spot_imgspot_imgspot_img