Regulatory Alerts2025-09-23 | 8968Resolution No. 164-A on Recognizing Pawnshop Operation License No. PA-Y 333 of VIP Credit LLC as Void
The Board of the Central Bank of the Republic of Armenia issued Resolution No. 164-A to recognize the pawnshop operation license of VIP Credit LLC as void. This decision follows the company's applications for license termination submitted in early September 2025 and a supporting conclusion from the Licensing and Supervision Committee. The resolution mandates the publication of its operative part on the Central Bank's official website to inform customers and enters into force upon delivery to the company.
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ON RECOGNIZING PAWNSHOP OPERATION LICENSE NO. PA-Y 333 OF “VIP CREDIT” LIMITED LIABILITY COMPANY AS VOID
2025-09-23
B O A R D O F T H E C E N T R A L B A N K
O F T H E R E P U B L I C O F A R M E N I A
R E S O L U T I O N
23
September 2025 , No. 1 64 A
ON RECOGNIZING PAWNSHOP OPERATION LICENSE NO. PA-Y 333 OF “VIP CREDIT” LIMITED LIABILITY COMPANY AS VOID
Guided by Part 3 of Article 2 and point "ac" of Article 20 of the Law of the Republic of Armenia “On the Central Bank of the Republic of Armenia”, point "i" of Part 1 of Article 22 of the Law “On Pawnshops and Pawnshop Activities”, and Point 22 of Annex 1 approved by Resolution No. 32-N of the Board of the Central Bank of the Republic of Armenia dated 3 February 2017 “On Approving the Procedure for Licensing Pawnshop Activities in the Republic of Armenia and the Form of the Pawnshop Activity License”;
T aking into account that “VIP CREDIT” Limited Liability Company applied to the Central Bank of the Republic of Armenia on 5 September 2025 and 10 September 2025 regarding the termination of the pawnshop operation license;
B ased on the conclusion of the Licensing and Supervision Committee of the Central Bank of the Republic of Armenia (Protocol No. 41 dated 17 September 2025), the Board of the Central Bank of the Republic of Armenia hereby:
R E S O L V E S:
To recognize as void Pawnshop Operation License No. PA-Y 333 granted to “VIP CREDIT” Limited Liability Company by Resolution No. 224-A of the Board of the Central Bank of the Republic of Armenia dated 24 December 2018.
For the purpose of protecting the interests of and informing the customers of “VIP CREDIT” Limited Liability Company, to publish the operative part of this Resolution on the official website of the Central Bank of the Republic of Armenia through the Public Relations Service of the Central Bank of the Republic of Armenia.
This Resolution shall enter into force on the day following the date of its delivery to “VIP CREDIT” Limited Liability Company or its delivery to the person authorized by “VIP CREDIT” Limited Liability Company in accordance with the established procedure.
Governor of the
Central Bank
of the Republic of Armenia Martin Galstyan
Yerevan
.