Armenian banks capable of serving their clients, Union of Banks says

YEREVAN, September 28. /ARKA/. Armenian banks are capable of providing the full range of services to their customers and the country’s economy under martial law, the Union of Banks of Armenia said in a statement.

It said all 17 Armenia-based commercial banks will continue their normal work throughout the period of marshal law and have the necessary capabilities to serve their clients.

“The banking system has sufficient capital and liquidity to serve the economy with the necessary financial resources,” the statement said.

On September 27, at 07:10, Azerbaijani troops launched a large-scale offensive along the entire length of the line of contact in Artsakh, using helicopters and artillery to shell peaceful settlements, but were driven back in several sections of the line of contact.

Last night, intense fighting continued against the Azerbaijani armed forces in the southern, southeastern and northern directions of the front line. The Artsakh Defense Army inflicted significant damage to the enemy’s manpower and military equipment, and managed to return several previously lost positions.

According to Armenian sources, the Azerbaijani side suffered losses in manpower (about 200 people killed) and equipment. More precisely, 33 tanks and infantry fighting vehicles, 4 helicopters, 27 UAVs, 2 engineering armored vehicles were destroyed.

According to the defense ministries of Armenia and Artsakh, during the repulse of the aggression, 31 Armenian servicemen were killed, over 200 people were wounded. -0-

spot_img

POPULAR

State Revenue Committee of Armenia discussed tax regulation of crypto assets with market participants

The State Revenue Committee of Armenia held a discussion with market participants on tax regulation of the cryptocurrency sector, the press service of the State Revenue Committee of Armenia reported.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 3, 2026, fell by 0.01 points compared to June 2, to 368.52 drams.

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

VTB (Armenia) Develops Telemarketing as a Modern Remote Service Channel

VTB (Armenia) is developing its telemarketing strategy, taking remote banking to a new level.

LATEST NEWS

spot_imgspot_imgspot_img