ArmInfo. The moratorium on credit obligations for citizens who have become victims of fraud, initially set at 3-5 years by banks, will now be extended until a court verdict is reached in each individual case. Martin Galstyan, Chairman of the Central Bank of Armenia, announced on June 10 during a press conference, citing an agreement reached with the banks, who will provide further details in the upcoming days.
To date, the credit obligations of 230 clients have been frozen. According to the CB Chairman, the good news is that the number of fraud cases in the first quarter of this year decreased to 408. He explained that banks have carried out certain work related to the protection of personal data in accordance with the Regulator's call.
All cases, as Galstyan noted, were studied, and if it was found that the bank was at fault, the money was returned to the client without question. Regarding the theft of funds from accounts, the situation is more complicated, according to Galstyan. "Discussions are currently underway, and I hope that we will reach a consensus on this issue in the coming days," he said. Martin Galstyan also urged citizens to be vigilant and refrain from providing their personal data to third parties.
