Fri, 29 August
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Yerevan
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Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

Acba Bank and NABU partner to clean  2 km stretch of Lake Sevan of plastic (VIDEO)

As part of the Clean Future for Lake Sevan initiative, Acba Bank in partnership with the  German Nature And Biodiversity Conservation Union (NABU), is assisting in the cleanup of Armenia's largest water body from plastic and other debris, according to the bank's press service.

ArCa payment system is experiencing intermittent issues

The Armenian Card company has reported difficulties.

ACBA Bank places dram and US dollar bonds

Acba Bank is launching a public placement of coupon non-documentary bonds with a total volume of 10 billion (ten billion) drams and 10 million (ten million) US dollars, the bank’s press service reported.

Armenian banks initiate collection of data from Russian nationals for  automatic information exchange with Russia

Armenian banks and brokers have started to request information regarding the tax residency of Russians for the automatic exchange of information with Russia.

VTB (Armenia) endorses the initiative to enhance library collections in the regions

VTB Bank (Armenia) has become a participant in the Newmag BOOK DONATION educational and charitable initiative, which aims to enrich the collections of community libraries located in the regions of Armenia, as reported by the bank's press service.
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Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

Unibank Becomes the Gold Sponsor of FC Alashkert

Unibank and FC Alashkert have signed a long-term partnership agreement. As part of this cooperation, Unibank has become the gold sponsor of the club, supporting it during the current season of the Armenian Championship.

Deposits in commercial banks of Armenia at the end of June amounted to 6.7 trillion drams

According to the National Statistical Committee, the volume of deposits in all 17 Armenian commercial banks at the end of June 2025 amounted to 6,693,323 million drams, up from 6,665,578 million drams in May.

Volume of loans issued by commercial banks of Armenia exceeded 7 trillion drams at the end of June

The volume of loans issued by commercial banks of Armenia as of the end of June 2025 amounted to 7,053,648 million drams against 6,866,119 million drams at the end of May.

Net inflow of money transfers to Armenia from abroad decreased by 1.3% in half-year

The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, in January-June 2025 amounted to $587.6 million against $595.4 million in January-June 2024, according to the report of the Central Bank of the Republic.

Armenian Central Bank  developing mechanisms for insurance and combating financial fraud

Armenia's Central Bank is developing a set of tools to combat financial and cyber fraud, the deputy chairman of the Central Bank Armen Nurbekyan said at a press conference on Tuesday.

From importer to major manufacturer: Electriсa Group produces unique products in Armenia (video)

Cable ducts, metal boxes of various sizes, about forty types of lamps and more than 50 other products-this is the range of products  the Electrika Group company offers to the market with an affordable price-quality ratio, enabling consumers to carry out both large construction projects and individual tasks.

Central Bank of Armenia keeps refinancing rate at 6.75% for fourth time in a row

On August 5, the Board of the Central Bank of Armenia left the refinancing rate unchanged at 6.75%.

Armenia’s banking sector profit in H1 2025 increased by 20.51% to AMD 200.7 bln

The net profit of Armenia's banking system for the first 6 months of 2025 exceeded AMD 200.7 billion, increasing by 20.51% compared to the beginning of the current year.

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.
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