Converse Bank (Armenia) and Asia Alliance Bank (Uzbekistan) have officially launched a strategic partnership. On October 21, in Vienna, the parties signed two key agreements: one on the opening and management of international correspondent accounts, and another on cooperation in foreign exchange and money markets.
The Central Bank of Armenia's cybersecurity standards are on par with those of developed central banks worldwide and has been successfully implementing international security standards for nearly two decades.
Converse Bank has been awarded the BACEE Award for International Banking Co-operation during the 50th Jubilee Conference of the Banking Association for Central and Eastern Europe (BACEE).
The loan portfolio of Armenia's banking system increased by 29.89% in the third quarter of 2025 compared to the same quarter of 2024, reaching AMD 7.16 trillion.
The combined loan portfolio of 17 Armenia-based commercial banks upped by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by the ARKA news agency.
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.
In August, commercial bank deposits and credit in Armenia grew 1.9 percent (mom), according to the World Bank's Armenia Monthly Economic Update – October 2025.
In September, the AMD/USD exchange rate remained stable mom, appreciating 1.2 percent in yoy terms, according to the World Bank's Armenia Monthly Economic Update – October 2025.
Armenia’s Central Bank (CBA) decided to keep the policy rate at 6.75 percent, while signaling a gradually easing cycle, with plans to reduce the refinancing rate to around 6.25 percent over the next 12 months.
In August, net non-commercial money transfers to Armenia continued to recover, rising 29.1 percent (yoy), the World Bank says in its latest Armenia Monthly Economic Update – October 2025 report.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Converse Bank (Armenia) and Asia Alliance Bank (Uzbekistan) have officially launched a strategic partnership. On October 21, in Vienna, the parties signed two key agreements: one on the opening and management of international correspondent accounts, and another on cooperation in foreign exchange and money markets.
The Central Bank of Armenia's cybersecurity standards are on par with those of developed central banks worldwide and has been successfully implementing international security standards for nearly two decades.
Converse Bank has been awarded the BACEE Award for International Banking Co-operation during the 50th Jubilee Conference of the Banking Association for Central and Eastern Europe (BACEE).
The loan portfolio of Armenia's banking system increased by 29.89% in the third quarter of 2025 compared to the same quarter of 2024, reaching AMD 7.16 trillion.
The combined loan portfolio of 17 Armenia-based commercial banks upped by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by the ARKA news agency.
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.
In August, commercial bank deposits and credit in Armenia grew 1.9 percent (mom), according to the World Bank's Armenia Monthly Economic Update – October 2025.
In September, the AMD/USD exchange rate remained stable mom, appreciating 1.2 percent in yoy terms, according to the World Bank's Armenia Monthly Economic Update – October 2025.
Armenia’s Central Bank (CBA) decided to keep the policy rate at 6.75 percent, while signaling a gradually easing cycle, with plans to reduce the refinancing rate to around 6.25 percent over the next 12 months.
In August, net non-commercial money transfers to Armenia continued to recover, rising 29.1 percent (yoy), the World Bank says in its latest Armenia Monthly Economic Update – October 2025 report.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's state budget deficit in 2016 amounted to 272.5 billion drams from 245 billion drams in the previous year, according to the National Statistical Service (NSS). The projected budget deficit for 2016 was 197 billion drams (3.5% of GDP)
Remittances sent to Armenia in Russian rubles and US dollars by labor migrants working in Russia are going to rise this year, the chairman of the National Union of Employers Gagik Makaryan told a news conference on January 30
Armenia needs a few commercial banks with large capital, Bagrat Asatryan, the former chairman of the Central Bank said today. Speaking at a news conference he said the overall number of non-performing loans surged last year, as a result
The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, set new prices for government agencies to buy and sell precious stones and metals which were effective from January 23 to January 29, 2017
Ex-chairman of Armenian Central Bank Bagrat Asatryan has downplayed today fears that the emergence of many new banknotes in circulation may be the indication of an imminent devaluation of the national currency, telling a news conference there are no reasons of concern
Armenia’s commercial banks bought around $101.3 million from the local foreign currency market on January 23 to 27 at the average weighted exchange rate of 485.74 drams per one USD, the Central Bank of Armenia reported on Monday
VTB Bank (Armenia) has unveiled an exclusive offer for its premium customers - precious jeweled payment cards from Rosan Diamond Company, decorated with gold and diamonds
Unibank has automated the process of providing unsecured loans to small business by starting to use a new CRM-system developed by Protobase Laboratories company, the bank's press office reported on Thursday
