Acba Bank and Bank of New York Mellon launch partnership

YEREVAN, April 21. /ARKA/. Armenian Acba Bank is expanding its international partner network by partnering with one of the world’s most respected financial institutions, The Bank of New York Mellon, the bank’s press service reported.

The partnership between Acba Bank and BNY Mellon creates additional opportunities for service delivery, import, and export transactions, especially for corporate clients. As a result, clients can now make money transfers in US dollars for a wider range of goods and/or services.

At the same time, individual clients also gain broader opportunities for making transfers in US dollars.

As part of this partnership, clients can now make international money transfers in US dollars through Acba Bank for the purchase of vehicles, electrical equipment (computers, processors, monitors, mobile phones, etc.), timber, and petroleum products.

Through its partnership with BNY Mellon, Acba Bank will facilitate the development of companies in Armenia, particularly those involved in exports and imports. This collaboration will also stimulate the expansion of businesses operating in Armenia and improve their efficiency in international markets.

As part of the partnership with BNY Mellon, clients can make money transfers both through acba digital and through any bank branch.

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

spot_img

POPULAR

The risk premium on Armenian Eurobonds has decreased from 400 to 190 basis points: Central Bank Governor

The risk premium on Armenian Eurobonds has decreased significantly, from 400 to 190 basis points, stated Martin Galstyan, Governor of the Central Bank of Armenia.

A New Level of Insurance Innovation: The Armenian Bureau of Motor Insurers and GAIP Sign a Cooperation Agreement

The Armenian Bureau of Motor Insurers and the international organization Global Association of InsurTech Professionals (GAIP) signed a cooperation agreement on Monday in the field of compulsory motor insurance (CMTPLI) and insurance technologies.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 11, 2026, decreased by 0.05 points compared to May 8, to 368.96 drams.

100 million euros will be allocated for business development in Armenia: ACBA Bank

CBA Bank, in a new partnership with the European Bank for Reconstruction and Development, will allocate 100 million euros to the development of businesses operating in Armenia, with the EBRD bearing the risk of 50 million euros of the financing.

LATEST NEWS

spot_imgspot_imgspot_img