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Areximbank-Gazprombank Group Offers New Service to Its Customers

YEREVAN, May 27, /ARKA/. Areximbank-Gazprombank Group began offering a new plastic card service to its customers. A press release by the bank said anyone may obtain international.

VISA and MasterCard plastic cards without having to visit the bank’s head office or its branches, because they can be obtained on-line. Customers will have to fill in an online application only.

Areximbank-Gazprombank Group (earlier Areximbank) was established in 1998 to handle money transfers form Russia to Armenia and vice versa and support businesses. It is a member of international payments systems VISA International and MasterCard International. As of May 27 it issued 53,930 VISA International and MasterCard International plastic cards.-0-

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Insurance market of Armenia is in embryonic state

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S&P predicts the future of CCA banks, including Armenia, in the event of a Russian-Ukrainian ceasefire

A hypothetical ceasefire between Russia and Ukraine would not have a significant immediate impact on the banking sector of Central Asian and Caucasus countries, including Armenia, Azerbaijan, Georgia, Kazakhstan and Uzbekistan, according to a commentary by S&P Global Ratings analysts, as reported by FrankMedia.

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The average market exchange rate of the US dollar to the Armenian dram, as of March 14, 2025, stood at 391.74 drams, reflecting a decrease of 1 point compared to March 13.

Armenia issues Eurobonds worth $750 million – Finance Ministry

On March 5, Armenia successfully placed Eurobonds totaling $750 million on the international capital market, with a yield of 7.1% and a maturity of 10 years, the press service of the Ministry of Finance reported.

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