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Daily Archives: Aug 1, 2025

Euro drops by 1.34 points against dram

The average market exchange rate of the US dollar to the Armenian dram as of August 1, 2025, fell by 0.27 points compared to July 31 and amounted to 383.55 drams.

More than 3,500 citizens with bad loans have used support program in Armenia

Out of the 15,000 citizens in Armenia who applied for a government-designed support program, 3,686 with bad loans have received it, said Daniel Azatyan, the head of the Union of Banks of Armenia (UBA), at a press conference today.

Head of the Union of Banks of Armenia names reason for failures of ArCa payment system

The reasons behind the recent failures in the national ArCa payment system are being studied with the involvement of international experts, announced the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.

Agreements signed with over 500 victims of banking fraud in Armenia: obligations frozen until investigation completed

Agreements have been signed with over 500 citizens who have fallen victim to banking fraud in Armenia, said the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.

Banking Forum 2025 to be held in Armenia on September 23-24

Banking Forum 2025 will be held in Armenia on September 23-24, announced by the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.

Armenia’s banking sector’s  profit amounted to 201 billion drams in January-June – UBA

The 17 banks in Armenia earned a combined profit of 201 billion drams in the first half of 2025, said Daniel Azatyan, head of the Union of Banks of Armenia (UBA).

Loan portfolio of Armenian banks in first half of 2025 amounts 7.1 trillion drams -UBA

The loan portfolio of the 17 Armenia-based commercial banks increased to 7.1 trillion drams in the first half of 2025, up from 6.4 trillion drams in the same period of 2024, according to Daniel Azatyan, the head of the Union of Banks of Armenia (UBA).

Armenian bank sees HSBC Malta takeover as gateway to Europe

Ardshinbank has submitted an offer to acquire HSBC Malta, David Sargsyan, deputy chairman of the Armenian bank, told the Times of Malta.

Armenian Card names cause of system failures

The Armenian national payment system "Armenian Card" announced the technical nature of the failures recorded on July 23, 2025 (from 10:05 to 16:50) and July 29, 2025 (from 11:46 to 15:25).