Fast Bank clarifies and rejects a number of claims

The information recently circulating in the media regarding events held in April of this year contains misunderstandings and requires clarification.

Fast Bank’s involvement relates exclusively to the event held on April 25, under an agreement for the provision of paid advertising services, within the framework of which the Bank acted solely as a purchaser of advertising services.

This is standard business practice. Under the agreement, the contracting company provided advertising services as part of a music festival (event) organized by the company itself and held at Republic Square on April 25, 2026. Fast Bank had no involvement whatsoever in the concert held in Gyumri on April 19 of this year. The Bank did not enter into, nor did it have, any agreement in connection with that event.

As part of its marketing campaigns, Fast Bank enters into numerous agreements related to advertising services, including agreements concerning concerts. This is a widely used practice in marketing and is consistent with the Bank’s strategy of considering young people as one of its key target audiences.

We emphasize that claims regarding the financing or sponsorship by Fast Bank of any political party, pre-election campaigning, or election campaigning are unfounded.

The Bank is regulated by the CB of the RA.