Finance Minister Vahe Hovhannisyan has been appointed as Armenia's Governor on the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), according to a decree by RA Prime Minister Nikol Pashinyan.
The Armenian payment and settlement system UBPay has announced a partnership with iSend, a global company that specializes in offering seamless money transfer solutions. This collaboration expands the options available to UBPay customers, providing access to transfers to the United States, Canada, India, Australia, Singapore, and European countries.
Quiet, heartfelt, and melodic: the recording and presentation of the album "Symphonic Lullabies" took place in collaboration with Acba Bank, the Hayastan All-Armenian Fund, and the State Symphony Orchestra of Armenia.
The loan portfolio of Armenia's banking system increased by 29.89% in the third quarter of 2025 compared to the same quarter of 2024, reaching AMD 7.16 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 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.
At the next meeting of the Central Bank of Armenia, the refinancing rate will be maintained at 6.75%, according to Georgi Melkonyan, head of Freedom Academy.
Deputy Prime Minister Mher Grigoryan discussed details of current programs and potential new areas of cooperation with the new head of the European Investment Bank (EIB) regional office in the South Caucasus, Stella Renita.
At a meeting on Thursday, the Armenian government approved the signing of a loan and grant agreement with the Asian Development Bank (ADB) for the Transformative Housing Reforms for Improved Vitality and Empowerment (THRIVE) Program.
The universal cashback system developed in Armenia for cashless payments is planned to launch on January 1, 2026, Finance Minister Vahe Hovhannisyan announced during a parliamentary discussion of the 2026 draft state budget.
Given the projected exchange rate of the Armenian dram, the public debt-to-GDP ratio will stabilize in the 50-60% range in the medium term, stated Armenian Finance Minister Vahe Hovhannisyan.
Interest in investing in Armenia has grown significantly in recent years, and along with it, so has the need for accessible tools that allow one to take their first steps in the financial market.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Finance Minister Vahe Hovhannisyan has been appointed as Armenia's Governor on the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), according to a decree by RA Prime Minister Nikol Pashinyan.
The Armenian payment and settlement system UBPay has announced a partnership with iSend, a global company that specializes in offering seamless money transfer solutions. This collaboration expands the options available to UBPay customers, providing access to transfers to the United States, Canada, India, Australia, Singapore, and European countries.
Quiet, heartfelt, and melodic: the recording and presentation of the album "Symphonic Lullabies" took place in collaboration with Acba Bank, the Hayastan All-Armenian Fund, and the State Symphony Orchestra of Armenia.
The loan portfolio of Armenia's banking system increased by 29.89% in the third quarter of 2025 compared to the same quarter of 2024, reaching AMD 7.16 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 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.
At the next meeting of the Central Bank of Armenia, the refinancing rate will be maintained at 6.75%, according to Georgi Melkonyan, head of Freedom Academy.
Deputy Prime Minister Mher Grigoryan discussed details of current programs and potential new areas of cooperation with the new head of the European Investment Bank (EIB) regional office in the South Caucasus, Stella Renita.
At a meeting on Thursday, the Armenian government approved the signing of a loan and grant agreement with the Asian Development Bank (ADB) for the Transformative Housing Reforms for Improved Vitality and Empowerment (THRIVE) Program.
The universal cashback system developed in Armenia for cashless payments is planned to launch on January 1, 2026, Finance Minister Vahe Hovhannisyan announced during a parliamentary discussion of the 2026 draft state budget.
Given the projected exchange rate of the Armenian dram, the public debt-to-GDP ratio will stabilize in the 50-60% range in the medium term, stated Armenian Finance Minister Vahe Hovhannisyan.
Interest in investing in Armenia has grown significantly in recent years, and along with it, so has the need for accessible tools that allow one to take their first steps in the financial market.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Inecobank today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction
YEREVAN, December 28, /ARKA/. The Inecobank branch located in the very heart of the capital has reopened. From now on, the branch at 18 Abovyan St., loved by customers, will welcome its visitors in more comfortable conditions.
Modernization of branches is one of the continuous initiatives at Inecobank aimed at perfecting the quality of customer service. In times of rapid development of digital banking, when only 10% of financial transactions are physically carried out in branches, financial advice through live communication continues to remain in demand by customers. Along with the development of online tools, Inecobank will continue the process of modernizing its branch network, providing all the necessary conditions for high-quality customer service.
From now on, financial advice in the reopened branch will be available until 20:30, which will provide customers with additional convenience to visit the bank after working hours. And the self-service terminals located in the bank area will be available to customers 24/7 for making payments, withdrawals and account replenishment, providing additional flexibility for conducting banking transactions.
Gevorg Mamikonyan, head of the bank's Personal Banking Department stated that the modernization and expansion of the branch network will be continuous for the convenience of each customer.
"Although about 280,000 users carry out almost all their transactions through the InecoOnline system or InecoMobile application today, the most digital bank of Armenia will nonetheless be happy to see its customers in this reopened branch and to introduce all the financial solutions that will help them achieve their goals," Gevorg Mamikonyan noted.
By the way, to make the upcoming holiday season warmer, customers visiting the branch at 18 Abovyan St. before the end of the year have the opportunity to become a Secret Santa for children who live in need in distant communities and dream of New Year miracles. Inecobank employees have been joining the World Vision Armenia donation campaign for four years incessantly, and this time the Bank calls on customers to take part in the initiative by donating money in boxes placed in the reopened branch, promising to complement the donations made by visitors here. -0-
Inecobank said today it launches paylater, bringing the worldwide practice of BNPL (buy now, pay later) to Armenia – enjoy the moment, the payment can wait.
The European Bank for Reconstruction and Development (EBRD) is providing a US$ 5 million financial package to Inecobank in Armenia to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices. The project is supported by the European Union (EU) with €523,000 of grant incentives, EBRD said today in a press release
IFC, a member of the World Bank Group, said it is providing a loan of $15 million to Inecobank to boost lending to Armenia’s micro, small, and medium enterprises (MSMEs), helping them address the challenges triggered by the COVID-19 outbreak
Aren Naltakyan, CEO of Inecobank, spoke in this interview about the bank's indicators for 2019, programs for the nearest future and the challenges the Armenian bank market faces today
