The net profit of Armenia's banking system in the third quarter of 2025 amounted to 107.2 billion drams, an increase of 15.57% compared to the same quarter of 2024, and a 7.39% increase compared to the second quarter of this year.
A review of information received by the Central Bank has revealed that a company presenting itself as "bank24.am" is making a public offer of loans through advertisements posted on its website and various social media platforms (TikTok, Facebook, Instagram).
In alignment with the "Clean Future for Lake Sevan" initiative, Acba Bank, in collaboration with the Armenian branch of the German Nature and Biodiversity Conservation Union (NABU), has undertaken efforts to clear one of the lake's shores of plastic and debris.
The loan portfolio of Armenia's banking system increased by 29.89% in the third quarter of 2025 compared to the same quarter of 2024, reaching AMD 7.16 trillion.
The combined loan portfolio of 17 Armenia-based commercial banks upped by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by the ARKA news agency.
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.
Given significant uncertainty, the Central Bank of Armenia should continue to closely monitor economic trends and inflation expectations and be prepared to adjust the refinancing rate if necessary, the IMF said in a statement following the visit of the Fund mission, led by Alexander Timan, to Yerevan from September 17-30.
An International Monetary Fund (IMF) team led by Alexander Tieman visited Yerevan from September 17-30, 2025, to conduct discussions for the Sixth review under the current Stand-By Arrangement (SBA) with Armenia and the authorities’ request of a new 36-month SBA.
The Committee on Financial, Credit, and Budgetary Affairs of the National Assembly of Armenia approved the draft law "On Amendments to the Law on Public Debt" in its first reading.
In the first half of 2025, foreign investment inflow into the real sector of the Armenian economy reached 47,955.2 million drams, which is a decrease of 59,317.5 million drams compared to the same period in 2024.
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.
The net profit of Armenia's banking system in the third quarter of 2025 amounted to 107.2 billion drams, an increase of 15.57% compared to the same quarter of 2024, and a 7.39% increase compared to the second quarter of this year.
A review of information received by the Central Bank has revealed that a company presenting itself as "bank24.am" is making a public offer of loans through advertisements posted on its website and various social media platforms (TikTok, Facebook, Instagram).
In alignment with the "Clean Future for Lake Sevan" initiative, Acba Bank, in collaboration with the Armenian branch of the German Nature and Biodiversity Conservation Union (NABU), has undertaken efforts to clear one of the lake's shores of plastic and debris.
The loan portfolio of Armenia's banking system increased by 29.89% in the third quarter of 2025 compared to the same quarter of 2024, reaching AMD 7.16 trillion.
The combined loan portfolio of 17 Armenia-based commercial banks upped by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by the ARKA news agency.
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.
Given significant uncertainty, the Central Bank of Armenia should continue to closely monitor economic trends and inflation expectations and be prepared to adjust the refinancing rate if necessary, the IMF said in a statement following the visit of the Fund mission, led by Alexander Timan, to Yerevan from September 17-30.
An International Monetary Fund (IMF) team led by Alexander Tieman visited Yerevan from September 17-30, 2025, to conduct discussions for the Sixth review under the current Stand-By Arrangement (SBA) with Armenia and the authorities’ request of a new 36-month SBA.
The Committee on Financial, Credit, and Budgetary Affairs of the National Assembly of Armenia approved the draft law "On Amendments to the Law on Public Debt" in its first reading.
In the first half of 2025, foreign investment inflow into the real sector of the Armenian economy reached 47,955.2 million drams, which is a decrease of 59,317.5 million drams compared to the same period in 2024.
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.
VTB Bank (Armenia), the Armenian branch of the Russian state-backed bank, said today it continues to provide the main types of financial services, maintaining a high level of liquidity and capital, saying also that the sanctions imposed by Western countries on Russia will not affect the safety and availability of customer funds
YEREVAN, February 22. /ARKA/. Companies and individual entrepreneurs may apply to VTB Bank (Armenia) for Visa and MasterCard business credit cards with a credit limit of up to 10 million drams.
In a Facebook comment on a recent change of shareholders in Armbusinessbank, Armenia’s former minister of labor and social affairs Maneh Tandilyan describes it as a ‘mysterious deal
YEREVAN, Feb. 16. /ARKA/. VTB Bank (Armenia) and Visa international payment system have launched a joint #boomerangcashback promotion campaign designed for Visa cardholders, the bank's press service reported.
All 17 Armenia-based commercial banks paid last year 52.286 billion drams in various taxes, by 3.2 billion drams or 6.5% more than in 2020, while the amount of direct taxes grew by about 1.9 billion drams or 4.4% to 44.732 billion drams, Deputy Executive Director of the Union of Banks of Armenia (UBA) Arman Sargsyan said at a press conference on Wednesday
The number of banking cards issued by Armenia-based banks grew last year by 8.3% from 2020, Deputy Executive Director of the Union of Banks of Armenia (UBA) Arman Sargsyan said at a press conference on Wednesday
Individual money transfers sent to Armenia largely by migrant workers in 2021 through the banks grew by approximately $268 million or 14.6% when compared to the previous year, to $2.109 billion, according to the Union of Banks of Armenia (UBA)
Banning Russia from the SWIFT financial system will have a negative impact on Armenia because of Armenian and Russian economics’ interconnections, Seyran Sargsyan, the executive director of the Union of Banks of Armenia (UBA), told a news conference today
YEREVAN, February 16. /ARKA/. When applying for VTB Bank (Armenia) consumer loans until February 21 at the bank’s partner outlets, the bank’s clients will be awarded a discount on the purchase of goods, the bank’s press service said in a press release today specifying that the discount will make 5% of the loan amount.
The Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan didn't rule out a possible merger or acquisition in the local banking sector in 2022, saying also that new players may appear in the market as well
Acting as an agent of the Armenian Ministry of Finance, VTB Bank (Armenia) enables its clients to buy government bonds in the primary securities market
