Armenian Central Bank raises key rate by 0.25 percentage points to 10.75%

On January 30, the “Your Turn to Win” campaign organized for Byblos Bank Armenia Mastercard cardholders concluded.

In recent years, a significant portion of Armenia's banking system profits has been generated by exported banking services, according to Martin Galstyan, the chairman of the Central Bank.

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

In 2025, Russian business representatives expressed interest in opening accounts in more than 20 foreign jurisdictions.

Last week, the Central Bank of Armenia decided to reduce the fees banks charge businesses for cashless payments, Central Bank Governor Martin Galstyan announced.