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Banks

Ranking of the most profitable banks in Armenia by the end of 2025

ARKA News Agency has published a ranking of the most profitable commercial banks in Armenia for 2025.

Armenia’s banking sector experienced profit surge of 16% in 2025, reaching 421.3 billion drams

The net profit of Armenia's banking sector for the year 2025 stood at 421.3 billion drams, reflecting a 16.01% increase from 2024.

Armenia to Receive $150 Million Loan from ADB to Finance State Budget Deficit

At a meeting on Thursday, the Armenian government approved a proposal to sign a $150 million loan agreement with the Asian Development Bank (ADB) under the "Fiscal Sustainability and Financial Markets Development.

VTB (Armenia) launches MIR travel card for convenient payments and money transfers between Russia and Armenia

VTB (Armenia) has launched the MIR Travel multicurrency card, designed for customers who regularly travel to Russia, work, or study there.

Book by March 31 and get 15% off your FINTECH360 ticket

The FINTECH360 International Conference will be held in Yerevan, with an exclusive offer for early birds: book your ticket by March 31 and receive a 15% discount.

In Armenia, old-issue banknotes to be exchanged free of charge

After April 15, 2026, citizens of Armenia will be able to exchange all second-generation banknotes free of charge at commercial banks operating in the Armenia and at the Central Bank, the regulator's press service reported. Until April 15, 2026, old-issue banknotes will be considered legal tender

Armenian banks maintain capital and liquidity buffers, dollarization declines – Fitch

Armenian banks maintain strong capital and liquidity buffers, and profitability remains high despite the normalization of extraordinary financial inflows from Russia, according to a report by the international rating agency Fitch Ratings.

The FINTECH360 conference will be held in Yerevan from April 27 to 29

The FINTECH360 international conference will take place in Yerevan from April 27 to 29, 2026.

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Unibank Launches Gift Cards

Ahead of the holiday season, Unibank presents a convenient gift solution for those searching for the perfect present — the Unibank Gift Card.

Universal cashback on non-cash payments with ArCa cards is being introduced in Armenia

At a meeting on Thursday, the Armenian government approved measures and procedures for providing cashback on non-cash payments made by individuals through the Armenian Card (ArCa) national payment system.

Armenia’s banking system is well capitalized and liquid, but the Central Bank should remain vigilant – IMF

The IMF views Armenia's banking system as well capitalized and liquid, said Umang Rawat, IMF Resident Representative in Armenia, in an interview with ARKA news agency.

Unibank Completed the Placement of Its Third Issuance of Perpetual Bonds

Unibank has completed the placement of a new issuance of dram denominated perpetual bonds ahead of schedule. In total, perpetual bonds worth AMD 6.5 billion and USD 9 million were placed in December, resulting in heightened activity in Armenia’s securities market.

Armenian banks tighten checks on Russian transactions

Banks in Armenia and Serbia have tightened checks on Russian transactions following Russia's inclusion on the EU's money laundering blacklist, RBC reports, citing lawyers and international business consultants.

EDB’s total investments in Armenia for 2022-2025 reached $380 million

The Eurasian Development Bank's (EDB) total investments in Armenia for 2022-2025 (actual volume) amounted to $380 million, announced Yaroslav Mandron, Deputy Chairman of the EDB Management Board.

Armenian banks must focus on risks characteristic of  21st century – Central Bank governor

The year 2025 proved to be quite favorable for Armenia's banking sector, yet there are two critical issues that need attention, according to Central Bank Governor Martin Galstyan.

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