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

Euro exchange rate against the Armenian dram falls; dollar and ruble see slight gains — Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, as recorded in Armenia’s foreign exchange market on October 20, 2026, rose by 0.08 points compared to October 19, reaching 361.49 drams.

Central Bank of Armenia to issue a commemorative silver coin dedicated to the “Symphony of Stones” natural monument

The Central Bank of Armenia will issue a commemorative silver coin on October 20, 2026, dedicated to the "Symphony of Stones" natural monument, the regulator announced.

Euro and US dollar exchange rates against the Armenian dram have declined, while the ruble has continued to rise: Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market on October 22, 2026, fell by 0.07 points compared to October 21, reaching 361.33 drams.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (October 12–18)

Armenia’s financial agenda over the past week encompassed the development of the government securities market, regulatory changes for banking operations, cooperation with international financial institutions, and the subsidization of financing for energy storage systems.

Central Bank of Armenia adopts measures to avert worst-case economic scenarios

The Central Bank of Armenia has shifted its focus from a single baseline scenario to an analysis of multiple potential scenarios, aiming to identify those that pose the most significant threats, according to the regulator’s Governor, Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img