Mon, 10 November
18.1 C
Yerevan
USD: 382.61 RUB: 4.72 EUR: 442.37 GEL: 141.42 GBP: 503.51

Central Bank or Armenian government did not dream of banning Mir cards in Armenia” – MP

YEREVAN, April 18. /ARKA/. Neither the Central Bank nor the Armenian government dreamed of banning Russian Mir cards on the territory of Armenia, Babken Tunyan, deputy chairman of the  National Assembly Committee on Economic Affairs, said today.

“The structure that made this decision felt that it is necessary to restrict Mir cards in our country. However, these cards can be used through VTB Bank’s ATMs or POS terminals,” Tunyan said to the Public Television of Armenia.

Armenian commercial banks since March 30 have stopped processing payments by Mir cards. The exception is  VTB Bank (Armenia), a subsidiary of Russian VTB bank.

The Armenian payment system ArCa notified the Russian National Payment Card System (operator of Mir cards) about this decision of commercial banks in advance. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 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 upgrades Converse Bank’s ratings

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.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img