These days, many people are talking about the development of Armenia’s banking system and the need to have Armenian economy play an even major role. Citizens who lost their deposits made during the Soviet Union and saw well-known banks (“Mercury Enterprise”, JMJET”, etc) and private banks go bankrupt needed time to get back to trusting them. It seems as though people are slowly starting to trust the banks again and depositing their money, but sometimes, there are things that just stand in the way and may lead the newly developing field to a crisis. According to our sources, a citizen of Armenia wanted to get 800,000 dollars credit from one of the well-known banks of Armenia in exchange for the gold he had put on auction. However, the auction just “disappeared” and the citizen still hasn’t received his money. Legal proceedings are underway. The same thing happened in another bank a while ago. Someone invested 100,000 dollars, but he couldn’t prove that he had invested that money in the bank later on. It’s required to prove that within half a year. Taking into consideration the fact that the bank’s reputation is a very important factor, we won’t mention any names now. However, since banks are starting to get involved in different economic fields (real estate transactions, auctions, etc.) and these kinds of cases have a direct influence on the economy as a whole, “168 Hours” will definitely touch upon this issue after getting thorough information.
