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Citizens fallen victim to fraudsters in Armenia will have their interest rates reset to zero

YEREVAN, June 30. /ARKA/. The Armenian Ministry of Internal Affairs held intensive discussions with representatives of the office of Deputy Prime Minister Mher Grigoryan, the Investigative Committee, and the Central Bank to resolve the problem of citizens affected by cybercrime.

These are citizens in whose names loans were fraudulently taken out, the Ministry of Internal Affairs reported.

“By concluding the relevant agreement, citizens’ obligations to banks will be frozen until the completion of criminal proceedings, interest on loans will not be charged, and interest accrued before this decision came into force will be canceled, and late payments will be eliminated (adjusted) [citizens will not be included in the “black list”],” the ministry said.

The Ministry of Internal Affairs pointed to a downward trend in the number of such crimes: in March 2025, there were 85 cases, in April — 52, and from May to the present — 22 cases.

“The positive dynamics is due to the joint effective preventive work of law enforcement agencies and financial institutions with an emphasis on information and explanatory activities,” the statement said.

The Ministry of Internal Affairs warned citizens not to disclose their personal data and passwords to third parties, not to click on unfamiliar links, and not to trust suspicious calls and social media pages. In case of questionable calls, messages, or advertisements on behalf of banks, you should immediately contact the relevant bank.

According to Armen Nurbekyan, deputy chairman of the Central Bank, in the context of the fight against bank fraud, the issue of tightening certain identification requirements is being discussed, in particular, for obtaining online loans, and a mechanism for insurance against fraud is being considered.

In mid-May of this year, the regulator announced that three Armenian banks—IDBank, Ineco Bank, and Ardsinbank—had decided to defer customer repayments for a period of 3 to 5 years as part of their search for interim solutions for customers affected by possible fraud.-0-

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