YEREVAN, November 27. /ARKA/. An ATM of Araratbank cracked and 29mln drams (about 71,400 dollars) taken by violators in Giumry had been insured by Armenian insurance companies that have already started paying out compensations against the damage, the press service of the bank reported.

The information about the ATM break-in case was reported to the policy of Giumry Monday, at 10:00am local time. The manager of Giumry branch of Araratbank informed that unknown offenders cracked the automatic telling machine of the bank on Rishkov Street and stole 29mln drams.

“The bank suffered moral loss; the bank expresses their concern over the accident and hope that the case will be detected in a short time,” says the report.

A criminal proceeding has been instituted on the case (paragraph III of article 177 (large-scale theft), Penal Code).

Approximately two hours later, 1mln 854,000 drams theft (about $4,600 dollars) from an ATM of Ardshininvestbank was reported to the policy of Akhuryan village (not far from Giumry). The branch manager informed the theft cases were recorded between 6:00pm November 23 to 11am November 26.

Araratbank, the successor of Haykap bank, was established in 1991. Some 64.18% of the bank is owned by Barsegh Beglaryan, 25% by EBRD and 10% by Belgian Incofin Investment Management. Araratbank joined NASDAQ OMX Armenia in January 2009.–0--