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Mher Abrahamyan elected head of Union of Banks of Armenia

YEREVAN, October 4. /ARKA/. Mher Abrahamyan, Board Chairman of IDBank CJSC, was elected as new head of the Union of Banks of Armenia.

He has replaced Artak Hanesyan, the CEO of Ameriabank CJSC, who headed the organization in 2018 and 2019. -0-

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Banks in Armenia will refund overcharged fees for cashless POS transactions to businesses

Technical issues and inaccuracies are possible during the initial implementation of the Central Bank of Armenia's Board decision regarding fees for cashless card transactions, the Union of Banks of Armenia (UBA) stated.

The average exchange rate of the Armenian dram to the US dollar in February was 4.5% lower than a year ago

In February 2026, the average exchange rate of the Armenian dram to the US dollar was 377.6 drams (395.6 drams in February 2025).

UBPay and MoneyTO Launch Money Transfers from Armenia to the UK

Clients of the Armenian payment system UBPay can now make money transfers from Armenia to the UK directly to recipients’ bank accounts.

Market capitalization increased by 6.53% in February, reaching 478 billion drams – Armenia Securities Exchange

YEREVAN, March 6. /ARKA/. Equity market capitalization increased by...

Byblos Bank Armenia introduces the Mastercard World card

Byblos Bank Armenia has introduced its new Mastercard World card, offering numerous benefits both in Armenia and abroad.

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