Fri, 12 December
1.1 C
Yerevan
USD: 381.84 RUB: 4.82 EUR: 447.02 GEL: 141.56 GBP: 510.83

Divisa Capital buys prime broker FinLab in Armenia, eyes Eurasian expansion

YEREVAN, October 5. / ARKA /. FCA-regulated Divisa UK Limited (Divisa Capital) announced last week r the acquisition of Laboratory of Financial Technologies CJSC (FinLab), a financial services provider incorporated in the Republic of Armenia.

The firm, renamed Divisa AM CJSC (“DAM”), will relaunch in the final quarter of 2015 as a wholly owned subsidiary of Divisa Capital, according to leaprate.com. It will be offering wholesale API and MT4 prime-of-prime solutions for institutional and professional clients.

The strategic acquisition enables Divisa to make maximum use of Armenia’s geopolitical position – the country is a gateway to the Eurasian Economic Union (EEU) and can be used as hub for servicing nearby Middle Eastern nations.

The EEU includes the Russian Federation and the Republics of Kazakhstan, Belarus, Kyrgyzstan and Armenia. Latest figures show the EEU’s annual gross domestic product totaled USD 2.2 trillion.

“Armenia has a very strong and highly regulated banking system, which includes the likes of HSBC and Credit Agricole, enabling the country to come through the recent global financial crises unscathed,” says Divisa Capital CEO, Mushegh Tovmasyan.

“What has really been an eye-opener is the level of interest shown by big names in the Eurasian Economic Union markets wishing to utilize our expertise and depth of liquidity deriving from our prime-of-prime offering.”

DAM has retained industry veteran, Artak Nahapetyan, as its CEO. A number of key hires from local banks have also been made at the company. -0-

spot_img

POPULAR

The average exchange rate of the Armenian dram to the US dollar in November was 1.8% lower than a year ago

In November 2025, the average exchange rate of the Armenian dram to the US dollar was 382.0 drams, which is 1.8% lower than the same figure in November 2024 (389.0 drams).

USD, EUR and RUB exchange rates rise against Armenian dram 

The average market exchange rate of the U.S. dollar to the Armenian dram on May 21, 2025, rose by 0.14 points to AMD 385.06 compared to May 20.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Average annual exchange rate of dram against USD is forecast at 392 drams in 2025 – EDB

The average annual exchange rate of the Armenian dram against the US dollar is forecast at 392 drams in 2025, according to the macroeconomic review of the Eurasian Development Bank for seven member countries for 2025–2027.

Market capitalization ups by 10.6% in November, exceeding 463.4 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for November 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

LATEST NEWS

spot_imgspot_imgspot_img