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

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.87 points on August 5, 2026, compared to August 4, to 366.14 drams.

Mher Ananyan joins Unibank’s Management Board

According to the decision of the Board of Unibank OJSC dated August 3, 2026, Mher Ananyan has been appointed Acting First Deputy Chairman of the Management Board.  

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

Market capitalization exceeded 426 billion drams in July – Armenia Securities Exchange

Equity market capitalization exceeded 426 billion drams in July 2026, the press service of the Armenia Securities Exchange (AMX) reported.

Central Bank of Armenia has kept the refinancing rate unchanged at 6.5% for the sixth consecutive time

At its meeting on August 4, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the sixth consecutive time, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img