Tue, 1 July
14.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Protest against bank loan fraud in Yerevan

YEREVAN, April 7. /ARKA/. A protest related to cases of fraud in banks and credit organizations in Armenia took place in Yerevan on Monday.

According to Mher Karagyozyan, head of the public organization “Public Control,” the participants of the protest demand the cancellation of loans that were issued illegally to citizens.

“They did not receive any loans and have no obligation to repay them. At the same time, their personal data was used by fraudsters. Over 200 citizens have already contacted us about this issue,” he said, adding that this concerns, in particular, three Armenian commercial banks.

Karagyozyan also stated that this is their final action to inform the public, explaining that if there is no change in the banks’ behavior, further actions will be taken.

“We consistently urge our citizens not to give their personal data to fraudsters, and banks must protect their clients from such tricks. After this protest, we plan to visit the Investigative Committee and expect to discuss these cases with an authorized employee of the Committee,” he said.

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img