Union of Banks of Armenia has new chairman

YEREVAN, October 5. /ARKA/. Artak Anesyan, CEO of Ameriabank, has been elected as new chairman of the Union of Banks of Armenia (UBA), UBA said.

Artak Anesyan has replaced Hakob Andreasyan, the Executive Director of ACBA-CREDIT AGRICOLE BANK, who held the position since 2017. Artak Anesyan was elected at a meeting of the UBA Board.

The Union of Banks of Armenia is a legal, non-profit organization that does not pursue the receipt and distribution of profits among its participants.

The main goals of the union are to protect the interests of its members in government agencies, local self-government bodies, public and international organizations, to identify and solve legislative problems hindering the banks’ activity. -0-

spot_img

POPULAR

Armenian banks’ profit grew by 8.6% to 334.4 billion drams over 9 months

The aggregate after-tax profit of Armenian banks for the period from January to September 2026 reached 334.44 billion drams, compared to 307.87 billion drams for the same period in 2025.

Euro and US dollar exchange rates against Armenian dram continued to decline, while ruble risen once again: Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market, fell by 0.19 points on October 23, 2026, compared to October 22, reaching 361.14 drams.

Euro exchange rate against the Armenian dram falls; dollar and ruble see slight gains — Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, as recorded in Armenia’s foreign exchange market on October 20, 2026, rose by 0.08 points compared to October 19, reaching 361.49 drams.

Business, Banks, and Investment: Biodiversity Financing to be Discussed at COP17 in Yerevan

A "Business and Biodiversity Forum" will be held in Yerevan as part of COP17, focusing on the private sector's role in achieving international biodiversity conservation goals.

Armenia Seeks to Extend Cashback Program for Pensioners Through 2029

Armenia plans to extend a program offering a 20% cashback to pensioners on non-cash purchases made with bank cards until the end of 2029, according to the Ministry of Labor and Social Affairs of the Republic of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img