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

Moody’s changes the outlook on IDBank’s ratings to positive

Moody’s Ratings has changed the outlook on IDBank’s long-term deposit ratings to positive from stable.

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.87 points on August 5, 2026, compared to August 4, to 366.14 drams.

Moody’s Raises Acba Bank Rating Outlook

Moody's, the international rating agency, simultaneously raised the outlook on Armenia's sovereign credit rating and changed the outlook on Acba Bank's Ba3 long-term deposit and issuer ratings from "stable" to "positive."

Ranking of the Most Profitable Credit Institutions in Armenia for the First Half of 2026

ARKA News Agency publishes a ranking of the most profitable credit institutions in Armenia for the first half of 2026.

LATEST NEWS

spot_imgspot_imgspot_img