Thu, 5 February
4.1 C
Yerevan
USD: 378.01 RUB: 4.94 EUR: 445.56 GEL: 140.45 GBP: 513.64

Another protest against banking fraud held in Yerevan

YEREVAN, May 13. /ARKA/. Another protest action by citizens who suffered from banking fraud took place on Tuesday outside the building of the Central Bank of Armenia in Yerevan.

One of the organizers, head of the Public Control NGO Mher Karagyozyan, commented on the recent statement by the Chairman of the Central Bank of Armenia Martin Galstyan on this topic.

“At a recent press conference, Martin Galstyan stated that illegal credit obligations were allegedly cancelled for citizens, which, unfortunately, is not true. The credit line of none of the (victims) was suspended, their obligations continue to be in effect. This worries us very much,” the human rights activist said.

According to him, the number of affected citizens exceeds 10 thousand people, and banks continue to make “illegal demands” on them. Karagyozyan reproached the Central Bank for patronizing banks, emphasizing that the regulator’s duty is to protect citizens, not to serve the interests of commercial organizations.

Karagyozyan said that the protesters intend to organize a march to the Anti-Corruption Committee to express their suspicions and discuss them with representatives of the department.

In recent months, cases of banking fraud have become more frequent in Armenia, in particular, false statements on social networks on behalf of banks allegedly to obtain loans. In this regard, Deputy Chairman of the Central Bank Armen Nurbekyan said that as part of the fight against banking fraud, the issue of tightening some identification requirements, in particular, for online loans, is being discussed. He explained that the possibility of creating a fraud insurance mechanism is currently being considered.

spot_img

POPULAR

Maldives trips and Apple devices awarded to loyal Byblos Bank Armenia customers

On January 30, the “Your Turn to Win” campaign organized for Byblos Bank Armenia Mastercard cardholders concluded.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

Board of the Central Bank of Armenia left the refinancing rate unchanged at 6.50%

At its meeting on February 3, the Board of the Central Bank of Armenia kept the refinancing rate at 6.50%.

Armenia’s corporate bond market grew approximately fourfold between 2018 and 2025: minister

Armenian Economy Minister Gevorg Papoyan reported that the country's corporate bond market grew more than 4.4-fold between 2018 and 2025.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

LATEST NEWS

spot_imgspot_imgspot_img