Wed, 10 December
6.1 C
Yerevan
USD: 381.82 RUB: 4.92 EUR: 444.21 GEL: 141.60 GBP: 508.28

Unibank Becomes a Member of BAFT

YEREVAN, December 10. /ARKA/. Unibank has become a member of BAFT (Bankers Association for Finance and Trade), the leading global industry association for international transaction banking.

By joining BAFT, Unibank strengthens its commitment to advancing trade finance, payments, and cross-border transfers. The membership will enable Unibank to collaborate with a global network of financial institutions, participate in industry-shaping discussions, and contribute to the development of best practices.

“We are delighted to join BAFT and look forward to strengthening our global presence while continuing to meet the evolving needs of our customers and providing them with industry-leading financial solutions,” said Mesrop Hakobyan, Chairman of the Management Board of Unibank. 

‘This membership reflects our ongoing commitment to expanding international cooperation and connectivity, with a focus on key areas such as trade finance, compliance, innovation, and payment systems.”

“We are pleased to welcome Unibank as the newest Armenian bank member of BAFT, joining our growing global community of more than 270 institutions across 65+ countries,” said Tod Burwell, BAFT President & CEO. 

“We look forward to Unibank’s active engagement across our committees and industry initiatives, and to supporting their continued growth in international transaction banking.”

BAFT membership offers a highly effective combination of advocacy, education and information resources and takes opportunities to gain unique insights and expand presence in the global financial community.

The bank is regulated by the Central Bank of Armenia.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro exchange rate rose against the Armenian dram, while the dollar and ruble fell

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of December 3, 2025, decreased by 0.04 points compared to December 2, to 381.2 drams.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img