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Report: Armenian Financial Ombudsman Receives 67 Complaints While In

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  • Report: Armenian Financial Ombudsman Receives 67 Complaints While In

    REPORT: ARMENIAN FINANCIAL OMBUDSMAN RECEIVES 67 COMPLAINTS WHILE IN OFFICE

    ARKA
    Apr 15, 2009

    YEREVAN, April 15. /ARKA/. Armenian financial ombudsman's office
    has received 67 complaints over the period of its activity, Armenian
    Financial System Ombudsman Piruz Sargsyan said on Wednesday.

    She told journalists that 43 of these complaints were received in
    March alone.

    The Armenian financial system ombudsman's office, the first financial
    ombudsman institution in Commonwealth of Independent States, started
    functioning on January 24, 2009.

    Sargsyan said 30 of these complaints are legally liable to
    consideration by the office.

    Of them, 17 were sent to the ombudsman's office without preliminary
    submission to financial organizations.

    "Officers of the office familiarized the complainants with their
    rights and obligations and recommend them to file their complaints
    to financial organizations first, and after that, if unsatisfied,
    the claims can be sent to the ombudsman", Sargsyan said.

    She said her office three times gave necessary instructions by phone.

    After that, these three complaints were sent to relevant financial
    organizations and considered there.

    The financial ombudsman said that the office received ten written
    complaints, of which four were related to payment operations, including
    those carried out by means of plastic cards through ATMs, three were
    connected with time deposits, two with insurance compensations and20one
    with credit deals.

    Two of these ten claims were declined, since not all demands were
    justified by the law on financial ombudsman.

    One complainant withdrew his claim after officers told him that the
    decision wouldn't be in his favor.

    Three matters were settled amicably. Sargsyan said that the
    law empowered her office to make tree kinds of decisions - full
    satisfaction, partial satisfactions and declination.

    "However, following international experience, we make every effort
    to settle matters amicably. In these three cases, we are guided by
    this very principle".

    Sargsyan said that 19 of the 43 complaints received in March were
    liable to consideration, ten were liable to consideration, but without
    preliminary submission to financial organizations and three claims
    were satisfied by financial organizations.

    Of six written claims, two were related to payment operations
    and account service, two with time deposits, one with insurance
    compensation and on with a credit deal.
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