Armenia’s banking system is stable, and a positive impact from TRIPP implementation is expected: UBA head

YEREVAN, February 17. /ARKA/. Armenia’s banking system is assessed as stable based on stress tests, and banks are reasonably well capitalized. Daniel Azatyan, head of the Union of Banks of Armenia (UBA), stated this in response to a question from ARKA news agency.

“Banks’ equity capital alone amounts to 2.2 trillion drams, and liquidity indicators are also high. It’s safe to say that throughout its history, Armenia’s banking system has never had such high financial stability indicators as it does now,” Azatyan said.

According to him, this will allow Armenian banks to integrate into international markets, which will provide additional stability to the banking system, although it carries certain risks. The UBA head noted that foreign banks have expressed interest in collaborating with Armenian banks, without specifying which ones.

“Geopolitically, I can say that the economic activity that is theoretically and, apparently, practically expected as part of the TRIPP project could have a very positive impact. In the context of the banking system, we shouldn’t have inflated expectations, but nevertheless, our banks will be ready to serve us,” Azatyan said.

He expressed the opinion that if this project is successfully implemented, reputable international banks will be interested in the Armenian banking market.

spot_img

POPULAR

Unibank’s AMD 6.9 billion Perpetual Bonds Listed on the Armenia Securities Exchange

Unibank’s AMD-denominated perpetual bonds with a total nominal volume of AMD 6.9 billion have been listed on the Armenia Securities Exchange and included in the secondary Bbond list of bonds.

US dollar and ruble exchange rates against the Armenian dram rose, while the euro rate fell – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram in Armenia's currency market rose by 0.18 points on October 7 compared to October 6, reaching 362.32 drams.

Pensions, benefits, and cashback: Armenian government allocates 40.8 billion drams for these purposes

At its meeting on Thursday, the Armenian government decided to allocate 40.8 billion drams to fund pension and social payments for the fourth quarter of 2026.

Net inflow of remittances to Armenia from abroad doubled over 8 months

The net inflow of cross-border remittances to individuals in Armenia, received from abroad via the banking system of the Republic of Armenia, totaled $1.8 billion in January–August 2026, compared to $889.3 million in January–August 2025, according to a report by the republic's Central Bank.

Unibank has issued perpetual bonds with an annual coupon yield of 13.2%

Unibank announces a new issue of perpetual bonds denominated in AMD. The total issue volume is AMD 3 billion, with the placement scheduled to continue until 4 December 2026.

LATEST NEWS

spot_imgspot_imgspot_img