Out of the 15,000 citizens in Armenia who applied for a government-designed support program, 3,686 with bad loans have received it, said Daniel Azatyan, the head of the Union of Banks of Armenia (UBA), at a press conference today.
The reasons behind the recent failures in the national ArCa payment system are being studied with the involvement of international experts, announced the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.
Agreements have been signed with over 500 citizens who have fallen victim to banking fraud in Armenia, said the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.
The 17 banks in Armenia earned a combined profit of 201 billion drams in the first half of 2025, said Daniel Azatyan, head of the Union of Banks of Armenia (UBA).
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 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.
International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.
A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.
A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.
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.
Out of the 15,000 citizens in Armenia who applied for a government-designed support program, 3,686 with bad loans have received it, said Daniel Azatyan, the head of the Union of Banks of Armenia (UBA), at a press conference today.
The reasons behind the recent failures in the national ArCa payment system are being studied with the involvement of international experts, announced the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.
Agreements have been signed with over 500 citizens who have fallen victim to banking fraud in Armenia, said the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.
The 17 banks in Armenia earned a combined profit of 201 billion drams in the first half of 2025, said Daniel Azatyan, head of the Union of Banks of Armenia (UBA).
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 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.
International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.
A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.
A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.
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.
At the initiative of Moscow Cultural and Business Center «Moscow House" in Yerevan, the fifth cultural and educational "Russian Center" was opened in the town of Ijevan, Tavush region. The center was opened with the assistance of Ijevan City Hall and financial support from Unibank, the bank's press office reported.
On December 27, Mesrop Hakobyan, Unibank’s Executive Board Chairman and Gor Vardanyan, Rector of the National Polytechnic University of Armenia, signed a memorandum of cooperation, Unibank said in a press release today
YEREVAN, December 28, /ARKA/. The Inecobank branch located in the very heart of the capital has reopened. From now on, the branch at 18 Abovyan St., loved by customers, will welcome its visitors in more comfortable conditions.
Modernization of branches is one of the continuous initiatives at Inecobank aimed at perfecting the quality of customer service. In times of rapid development of digital banking, when only 10% of financial transactions are physically carried out in branches, financial advice through live communication continues to remain in demand by customers. Along with the development of online tools, Inecobank will continue the process of modernizing its branch network, providing all the necessary conditions for high-quality customer service.
From now on, financial advice in the reopened branch will be available until 20:30, which will provide customers with additional convenience to visit the bank after working hours. And the self-service terminals located in the bank area will be available to customers 24/7 for making payments, withdrawals and account replenishment, providing additional flexibility for conducting banking transactions.
Gevorg Mamikonyan, head of the bank's Personal Banking Department stated that the modernization and expansion of the branch network will be continuous for the convenience of each customer.
"Although about 280,000 users carry out almost all their transactions through the InecoOnline system or InecoMobile application today, the most digital bank of Armenia will nonetheless be happy to see its customers in this reopened branch and to introduce all the financial solutions that will help them achieve their goals," Gevorg Mamikonyan noted.
By the way, to make the upcoming holiday season warmer, customers visiting the branch at 18 Abovyan St. before the end of the year have the opportunity to become a Secret Santa for children who live in need in distant communities and dream of New Year miracles. Inecobank employees have been joining the World Vision Armenia donation campaign for four years incessantly, and this time the Bank calls on customers to take part in the initiative by donating money in boxes placed in the reopened branch, promising to complement the donations made by visitors here. -0-
Starting from January 1, 2022, the process of income tax refund for interest paid on mortgage loans will be carried out by a new remote scheme, according to a new decision of the Armenian government, the press service of VTB Bank Armenia reported
Armenia's financial system has maintained stability in 2021 despite considerable difficulties, Chairman of the Central Bank of Armenia Martin Galstyan said December 27 when speaking at a reception organized at the Central Bank on the occasion of the New Year and Christmas
Prime Minister Nikol Pashinyan took part December 27 in a reception organized at the Central Bank on the occasion of the New Year and Christmas. Nikol Pashinyan congratulated the personnel of the Central Bank and the banking sector of Armenia on the coming holidays, wishing them success and all the best
The Chairman of the Central Bank, Martin Galstyan, and the Deputy Chairman, Nerses Yeritsyan, submitted a proposal for the development of a digital society and economy for discussion at a meeting today dedicated to Armenia's digital transformation agenda, which was chaired by Prime Minister Nikol Pashinyan, the government press office said
The Central Bank of Armenia and the German KfW Development Bank signed a loan agreement on Monday for the 3rd stage of the SME lending program, which will go along with a technical assistance
The Executive Board of the International Monetary Fund (IMF) concluded last Friday the 2021 Article IV consultation and completed the fourth and fifth reviews of Armenia’s performance under its economic program supported by the SBA
