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BTA Bank (Armenia) begins issuing free plastic cards to Armenian pensioners

YEREVAN, February 10, /ARKA/. BTA Bank (Armenia) said today it has begun issuing free plastic cards to Armenian pensioners. Under an agreement signed with the labor and social security ministry, the bank will be paying pensions to senior citizens.

As of December 31, 2010 BTA Bank’s total capital stood at 5.2 billion Drams, assets at 8.2 billion Drams and liabilities at 3 billion Drams. Some 48.9% in BTA Bank Armenia is owned by BTA Bank, headquartered in Kazakhstan, 31.1% is owned by Austrian

ZRL Beteilingungs, 16.3% – by Mobilex Energy Ltd (Kazakhstan) and 3.7% by AMK Invest company. -0-

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Universal cashback on non-cash payments with ArCa cards is being introduced in Armenia

At a meeting on Thursday, the Armenian government approved measures and procedures for providing cashback on non-cash payments made by individuals through the Armenian Card (ArCa) national payment system.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro, dollar, and ruble rise against Armenian dram

The average market exchange rate of  the US dollar against the Armenian dram on December 25, 2025, rose 0.05 points compared to December 24, reaching 381.51 drams.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

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