Sat, 5 April
5.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Armenian president refuses to sign into law two bills passed earlier by national assembly

YEREVAN, February 6. /ARKA/. Armenian President Armen Sarkissian refused today to sign into law two bills passed earlier by the National Assembly, his press office reported. It said one of the bills is about a set of amendments made to the law on Criminal Procedure and the other is about amendments made to the law on Bank Secrecy.

The president explained his refusal to sign the bills by the fact that some provisions in them are problematic in terms of constitutionality.

“The president did not sign these bills into law and asked the Constitutional Court to determine their compliance with the Constitution,” a statement by Sarkissian’s press office said.

On January 22, 2020, the National Assembly approved amendments to the laws on Criminal Procedure and Bank Secrecy, which remove restrictions on bank secrecy. Under the current law, bank secrecy can be disclosed only with respect to suspects and accused. The bills remove these restrictions, although they provide specific mechanisms of guarantees.

In particular, requirements for requests for access to bank secrecy have been strengthened and a guarantee has been established in the form of prosecutorial oversight. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img