ARMENIAN FINANCIAL OMBUDSMAN TO PROTECT CONSUMERS AND BUSINESS
Vestnik Kavkaza
Oct 9 2012
Russia
The Armenian financial ombudsman will protect consumers, small and
medium-scale business, as stated by Armenak Darbinyan of the Central
Bank, ARKA reports.
Financial Ombudswoman Piruz Sarkisyan noted that the ombudsman
institution was capable of fulfilling all functions.
Armenian formed the first financial ombudsman office of the CIS
on January 24, 2009, to protect bank clients and improve financial
confidence of people. The office compensated losses of $187,000 for
citizens in Q1 2012, compared with $142,000 in 2011 as a whole. The
sum exceeded $71,000 in 2010 and $64,000 in 2009.
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