Fri, 15 August
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Announces

Loan portfolio of Armenian banks in first half of 2025 amounts 7.1 trillion drams -UBA

The loan portfolio of the 17 Armenia-based commercial banks increased to 7.1 trillion drams in the first half of 2025, up from 6.4 trillion drams in the same period of 2024, according to Daniel Azatyan, the head of the Union of Banks of Armenia (UBA).

Armenian bank sees HSBC Malta takeover as gateway to Europe

Ardshinbank has submitted an offer to acquire HSBC Malta, David Sargsyan, deputy chairman of the Armenian bank, told the Times of Malta.

Armenian Card names cause of system failures

The Armenian national payment system "Armenian Card" announced the technical nature of the failures recorded on July 23, 2025 (from 10:05 to 16:50) and July 29, 2025 (from 11:46 to 15:25).

Byblos Bank Armenia launches secure and fast digital onboarding service

Byblos Bank Armenia has launched a secure, fast and convenient digital onboarding service that allows you to become a customer without visiting the Bank — from anywhere and at any time.

Armenia’s state budget had a deficit of 39.2 billion drams in the first half of the year, according to the Finance Ministry.

The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.

ArCa payment system resumes operations

The Armenian ArCa payment system has resumed normal operations, according to a statement from the company.

WB experts assess the growth of credits and deposits in commercial banks of Armenia

In May, commercial bank deposits and credit grew 1 percent (mom) and 1.3 percent (mom), respectively, - stated in the World Bank’s monthly review “Armenia Monthly Economic Update. July 2025”.

Armenian commercial banks paid AMD 107.7 billion in taxes in the first half of 2025

All commercial banks operating in Armenia in January-June 2025 were included in the list of the 1,000 largest taxpayers for the period, having paid more than AMD 107.76 billion to the state budget.

Net non-commercial remittances to Armenia continued to grow to 19.5% in May – WB review

n May, net non-commercial money transfers continued robustgrowth, at 19.5 percent (yoy),- stated in the World Bank’s monthly review “Armenia Monthly Economic Update. July 2025”.

Armenian dram strengthened against dollar by 3% since the beginning of 2025 – WB review

Since the beginning of 2025, the Armenian dram has strengthened against the US dollar by 3%, according to the World Bank's monthly review "Armenia Monthly Economic Update. July 2025".

“How to Develop Agribusiness in Armenia”: New Horizons for Startups (VIDEO)

As part of the Sevan Agritech Summit, held in partnership with Acba Bank, the ACBA Federation presented opportunities for developing, digitizing, and supporting innovative agriculture in Armenia.

Startups presented with successful experience of Acba Bank digital transformation

One of the most anticipated events in the Armenian tech community, Sevan Startup Summit, once again brought together startups, innovators, investors, mentors and tech specialists to communicate in a formal and informal setting and establish new business connections.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

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