Thu, 3 April
8.1 C
Yerevan
USD: 391.16 RUB: 4.65 EUR: 422.18 GEL: 141.47 GBP: 505.97
spot_img

Minister denies rumors that he owns credit organization

YEREVAN, December 3. /ARKA/. Armenia’s Minister of Labor and Social Affairs Mesrop Arakelyan denied today rumors circulated in the media that he is the owner of a credit organization called Mogo.

Media reports and social networks posts claimed that the country’s social sector would be headed by a person who “owns a credit organization that robs people, providing loans at 400% interest rate’.

“That credit organization does not belong to me. I worked for it as director and before that I worked for many other banks,” Arakelyan said.

He denied allegations that the credit organization provided loans at 400%, stressing that he did not have such information.

“I think that my work as of minister will give answers to many questions,” Arakelyan said. –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