CBA Deputy Head: Those guilty of online loan fraud will be severely  punished

ArmInfo. The credit obligations of several citizens who were allegedly victims of banking fraud have been temporarily frozen.  Deputy Chairman of the Central Bank of Armenia Armen Nurbekyan  stated this on April 14 at a meeting of the Standing Committee on Financial, Credit and Budgetary Issues, touching upon cases of fraud with online loans.

According to the Deputy Head of the Central Bank, after discussions  with the banks, an agreement was reached to thoroughly investigate  all aspects of such cases. He also  noted that there are cases where  citizens themselves provided their bank data to fraudsters -  . ,  he emphasized.  According to him, currently the issue is being  studied with a focus on whether citizens themselves transferred the  data or, perhaps, some banking products require a stricter  identification system. The Central Bank is also considering the   introduction of mechanisms for managing the consequences in the  future, possibly, through a certain insurance system. < That is, are  there points that make online lending more vulnerable: All cases are  studied separately. Banks found to have  made omissions in their  products will be punished severely,> Armen Nurbekyan concluded.