AraratBank rolls out a new service – Fora-Online

YEREVAN, July 21, /ARKA/. AraratBank has expanded its remittance network, undertaking a new cooperation with Fora Bank.

Fora-Online mobile app users can send money from Russia to Armenia to ARARATBANK OJSC individual cardholders (account holders) by specifying the beneficiary’s phone number. Note that remittances (account top ups) are made within seconds without charges to the beneficiary.

“Seeking to become a customer-centric bank, AraratBank is continuously taking actions to expand the scope of money transfer services for customers to make a selection from a wide range of remittance systems,” the statement reads.  -0-

spot_img

POPULAR

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

Tokenization could change the investment philosophy in Armenia – expert

Tokenization is a serious mechanism that could change the investment philosophy in Armenia, noted Felix Vartanov, CEO and shareholder of the investment and holding company BlackRiver Capital (Dubai).

Maximum insurance compensation limits in Armenia’s compulsory motor third-party liability insurance (CMTPLI) system will increase starting April 1

Amendments to the rules of the compulsory motor third-party liability insurance (CMTPLI) system will come into effect in Armenia on April 1, 2026, providing for an increase in maximum insurance payout limits, according to the Bureau of Motor Insurers of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img