Sun, 23 February
-6.9 C
Yerevan
USD: 394.41 RUB: 4.46 EUR: 412.67 GEL: 140.79 GBP: 498.77
spot_img

Armenian central bank condemns unauthorized rally and provocative statements made by its participants

YEREVAN, May 12. /ARKA/. Armenia’s Central Bank has strictly condemned today a protest action planned and led by citizen Manvel Manukyan and his supporters in front of its building, warning that it will ask the authorities to hold the citizen accountable for unlawful public action aimed at violating public order, as well as for provocative statements.

Manukyan and a group of citizens were protesting against high interest rates set by credit organizations. They demanded a meeting with a Central Bank official. The tension heightened when the police took Manvel Manukyan, and several others to the police station.

The Central Bank said in a statement that it was willing to listen to Manukyan and if necessary, to provide clarifications. However, the proposal was rejected by the protested who demanded a meeting with Central Bank official in the street, ‘which in the face of such provocative and intolerant behavior could cause undesirable consequences.”

The Central Bank added that the unauthorized rally in front of the Central Bank building was accompanied by blatant provocative actions aimed at disrupting public order and obstructing the normal functioning of the Central Bank.

It said Manukyan and his supporters repeatedly voiced provocative statements and appeals based on inaccurate information, articulating also insulting expressions against employees of the Central Bank and the financial system.

The regulator said also that under the guise of fighting against the credit policy of financial organizations, the protesters voiced statements and appeals that are not true and openly mislead citizens, which were creating an emotional background, provoking some citizens to voice calls for violence.

“The financial system of Armenia has been and remains stable, having more than once demonstrated its high resistance to critical situations. The financial system of Armenia adheres to its principle of not succumbing to such provocations and will continue to implement the functions assigned to it by the legislation of Armenia,” the regulator said. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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

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.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

LATEST NEWS

spot_imgspot_imgspot_img