The tax authorities of Russia and Armenia exchange bank account information only upon a specific request, Deputy Chairman of the Central Bank of Armenia Hovhannes Khachatryan told Radio RBC.
At the exhibition titled "Banks on One Platform," organized by the Union of Banks of Armenia Banks in Syunik, Aсba Bank showcased its programs and financing options available for local small and medium-sized enterprises (SMEs) – including manufacturers, farmers, and individuals, as reported by the bank's press service.
The volume of loans issued by Armenian commercial banks as of the end of September 2025 amounted to 7,497,746 million drams, compared to 7,362,263 million drams at the end of August, according to data from the Statistical Committee of the Republic of Armenia.
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.
In 2025, the participation of foreign investors in Armenia's domestic government debt market saw a substantial rise compared to 2018, hitting 177 billion drams, as reported by Finance Minister Vahe Hovhannisyan.
Armenia's 2026 state budget expenditures will amount to 3.63 trillion drams, revenues to 3.09 trillion drams, and a deficit to 537 billion drams, or 4.5% of GDP, said Finance Minister Vahe Hovhannisyan during a discussion of the 2026 draft state budget in parliament on Wednesday.
The financial literacy regarding banking services among the Armenian populace has seen a notable increase in recent years, stated Georgi Melkonyan, the head of Freedom Academy Armenia.
According to a report from the Central Bank, the net inflow of cross-border non-commercial money transfers received via Armenian banks reached $1.02 billion from January to September 2025, up from $888 million during the same period in 2024.
The need to improve financial literacy is increasingly being discussed in Armenia, but what does this really mean, and why is it important not only for individuals but for the entire economy?
Interest in investing in Armenia has grown significantly in recent years, and along with it, so has the need for accessible tools that allow one to take their first steps in the financial market.
The tax authorities of Russia and Armenia exchange bank account information only upon a specific request, Deputy Chairman of the Central Bank of Armenia Hovhannes Khachatryan told Radio RBC.
At the exhibition titled "Banks on One Platform," organized by the Union of Banks of Armenia Banks in Syunik, Aсba Bank showcased its programs and financing options available for local small and medium-sized enterprises (SMEs) – including manufacturers, farmers, and individuals, as reported by the bank's press service.
The volume of loans issued by Armenian commercial banks as of the end of September 2025 amounted to 7,497,746 million drams, compared to 7,362,263 million drams at the end of August, according to data from the Statistical Committee of the Republic of Armenia.
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.
In 2025, the participation of foreign investors in Armenia's domestic government debt market saw a substantial rise compared to 2018, hitting 177 billion drams, as reported by Finance Minister Vahe Hovhannisyan.
Armenia's 2026 state budget expenditures will amount to 3.63 trillion drams, revenues to 3.09 trillion drams, and a deficit to 537 billion drams, or 4.5% of GDP, said Finance Minister Vahe Hovhannisyan during a discussion of the 2026 draft state budget in parliament on Wednesday.
The financial literacy regarding banking services among the Armenian populace has seen a notable increase in recent years, stated Georgi Melkonyan, the head of Freedom Academy Armenia.
According to a report from the Central Bank, the net inflow of cross-border non-commercial money transfers received via Armenian banks reached $1.02 billion from January to September 2025, up from $888 million during the same period in 2024.
The need to improve financial literacy is increasingly being discussed in Armenia, but what does this really mean, and why is it important not only for individuals but for the entire economy?
Interest in investing in Armenia has grown significantly in recent years, and along with it, so has the need for accessible tools that allow one to take their first steps in the financial market.
Today the allocation auction of government bonds (ISIN AMGB1129A316, AMGB3129A504, AMGN36294244, AMGN60294268) has taken place on Armenian Securities Exchange (AMX)
Unibank has launched a new loan product "Preferential mortgage", which allows refinancing the credit. "Preferential mortgage" is aimed at improving credit conditions and reducing the debt burden, the bank’s press service said today
VTB (Armenia), a division of the Russian VTB Bank, said cardholders of the Russian Mir payment system have been able to withdraw cash from its ATMs starting from April, 2022
Acba Leasing Company provides business entities in Armenia with an opportunity to modernize their capacities either for setting up new or expanding existing productions as part of the government-designed program "Measures to modernize the economy," the press service of Acba bank said today
Armenian Finance Minister Tigran Khachatryan and Deputy Minister Vahe Hovhannisyan participated in the Spring Meetings of IMF and World Bank Boards of Governors held on April 19-22 in Washington, United States, the press service of the Armenian Ministry of Finance reported
Sixteen of the 17 Armenia-based commercial banks are in the list of 1000 largest corporate taxpayers in the first quarter of 2022 having paid a total of 12.76 billion drams in taxes and duties, according to the State Revenue Committee
YEREVAN, April 15. /ARKA/. Armenian authorities are very careful not to fall under U.S. sanctions for possible attempts to help Russia bypass restrictions, Armenian Economy Minister Vahan Kerobyan said in an interview with Russian RBC.
"In fact, we are very careful not to fall under sanctions, because it is not in our interests in any way. We want to work to avoid that," the minister explained.
According to Kerobyan, European and American partners have made it clear that they do not want to use sanction instruments against Armenia.
In particular, Armenian banks carefully carry out the KYC (know your client) procedures with respect to Russian residents, Kerobyan noted.
"In terms of customer service, they are probably too bureaucratic about it. But we understand them. They don't want to feel the secondary sanctions on themselves. And that's why it takes a little longer than usual for Russian citizens and entities to open bank accounts in Armenia," the minister acknowledged.
He also confirmed that about 27 thousand Russian, non-resident accounts were opened in commercial banks in Armenia as of late March 2022. -0-
