In case of applying to the Financial System Mediator the dispute between you and the Bank will be settled by the Mediator through the procedure defined by the Law "On the Financial System Mediator" of the Republic of Armenia. The services of the Mediator are free of charge.
If you have a compliant, firstly you have to apply to the Bank. The Bank is obliged to reply to your complaint within 10 working days. After the receipt of the response from the Bank you can apply to the Financial System Mediator.
The Financial System Mediator cannot examine your complaint, if:
- The period of 10 working days after the submission of complaint has not expired;
- You do not claim for any monetary or other property compensation, the amount of compensation claimed by you exceeds AMD 10 million (or its equivalent in other currency);
- More than six months have passed since the receipt of the response from the Bank; or
- The action or inaction complained by you has taken place before 02 August, 2008.
Also please be advised that the Financial System Mediator cannot examine your complaint, if it is examined by the court (or by the arbitration tribunal) or there is a court (arbitration tribunal) decision concerning that complaint.
Last updated on: 11/7/2019 05:24:49