Managers of Armenia’s banks visit OVIO data processing center

YEREVAN, July 2. /ARKA/. At the initiative of the Union of Banks of Armenia and the OVIO company, the management of several Armenian commercial banks visited OVIO’s data processing center, the largest in the country, the OVIO press service reported on Tuesday.

The data center was put into commercial operation by OVIO in May 2024. It is built in accordance with the authoritative international standards ISO 27001, 27017, 27018, PCI DSS and TIER III, includes more than 210 server cabinets, is equipped with two independent substations, and has a power of 2 MW.

Representatives of Armenian banks visited the Data Processing Center and got acquainted with the infrastructure and cloud solutions.

“Today we are pleased to welcome our partners, representatives of Armenia’s leading banks, in our Data Processing Center. Cloud and digital services of this unique center play an important role in the digitization of Armenia’s banking and financial system. Our company, being a reliable partner of banks and financial organizations in Armenia, is now ready to support the process of digitization of the industry, offering advanced cloud services worldwide. I am confident that our cooperation will contribute to the technological development of the financial sector for the benefit of our clients,” said OVIO CEO Hayk Faramazyan.

Daniel Azatyan, President of the Union of Banks of Armenia, noted that Armenia’s banking and financial sector has shown unprecedented growth in terms of digitization of services and the introduction of the latest technologies recently.

“As a result of the digitization process, data volumes are growing exponentially. OVIO’s data center, equipped with modern technologies, has the ability to meet ambitious data growth needs,” Azatyan said.

OVIO’s data center is located in Abovyan, 16 km from Yerevan, in a location that provides convenience and quick access to both local and international clients, providing a wide range of solutions.

spot_img

POPULAR

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 13–19)

YEREVAN, July 20. /ARKA/. Key events of the past...

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

Ranking of the Most Profitable Armenian Banks for the First Quarter of 2026

ARKA News Agency has published a ranking of the most profitable Armenian banks for the first half of 2026.

Armenian banks increased net profit to 219.7 billion drams in the first half of the year

The combined net profit (after tax) of Armenian banks in the first half of 2026 amounted to 219.72 billion drams, compared to 200.7 billion drams in the same period of 2025, an increase of 9.48%.

LATEST NEWS

spot_imgspot_imgspot_img