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Armenian central bank urges citizens to be beware of unlicensed credit companies

31.01.2019 17:48

Armenian central bank urges citizens to be beware of unlicensed credit companies

YEREVAN, January 31. /ARKA/. Armenia’s Central Bank has urged citizens today to beware of unlicensed companies offering loans. It said in a statement that a study revealed that the so-called credit consultants (intermediaries), offering loans are conducting aggressive advertising campaign on social networks and media outlets.

This in view, the regulator has called on the citizens to beware of the services of such companies (private individuals) and to apply for a loan only to licensed companies operating under the legal framework. It said those citizens who suffered from such companies should immediately contact law enforcement agencies.

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