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Banks

Moody’s assigns Acba Bank its highest possible rating in Armenia

The international rating agency Moody's has assigned Armenian Acba Bank a long-term national and foreign currency deposit rating, along with an issuer rating of Ba3, which comes with a stable outlook, as reported by the bank's press service.

Istak Distillery partners with Acba Leasing to start production of calvados (VIDEO)

Istak Distillery is crafting the Armenian calvados "Сharline" from apples that have matured under the Armenian sun, utilizing French technology, as reported by the press service of Aсba Bank.

Armenian government extends access to EIB loan          

During a meeting held on Thursday, the Armenian government decided to extend the final access period for loans from the European Investment Bank (EIB).

VTB (Armenia) partnered with Maestro Valery Gergiev’s concert in Yerevan

With the backing of VTB (Armenia), a concert featuring Maestro Valery Gergiev and the Mariinsky Theater Symphony Orchestra took place at the Aram Khachaturian Concert Hall.

Some 97 billion drams will be allocated in Armenia to refund income taxes on mortgage repayments for 62,000 citizens

A total of 97 billion drams will be allocated in Armenia to reimburse income taxes on mortgage repayments for 62,000 citizens, as stated by Eduard Hakobyan, Chairman of the State Revenue Committee.

Acba Bank supports establishments of more than 1,240 hectares of intensive gardens

In Armenia, over 225,000 individuals are involved in agriculture; however, the impacts of climate change are presenting significant challenges, including water shortages, droughts, and hailstorms.

Central Bank of Armenia issues gold collector  coin for 150th anniversary of Avetik Isahakyan’s birth

On October 1, 2025, the Central Bank of Armenia issued a gold collector coin "The 150th Anniversary of Avetik Isahakyan's Birth," the regulator's press service reported.

Deposits and loans at Armenian commercial banks grew by 0.3% and 1.2% in July, driven by dram funds – WB

In July, commercial bank deposits and credit grew 0.3 percent (mom) and 1.2 percent (mom), respectively, respectively, according to the World Bank's "Armenia Monthly Economic Update – September 2025."

Central Bank of Armenia purchased $750 million in  forex market from February to June to smooth exchange rate fluctuations, according to a World Bank...

From February to June, the Central Bank of Armenia intervened in the foreign exchange market and purchased approximately $750 million to smooth exchange rate fluctuations.

WB: Central Bank of Armenia expects refinancing rate to be cut to 6.25% this year

The board of the Central Bank of Armenia kept the policy rate unchanged at 6.75 percent and announced that it expected to gradually lower the refinancing rate to approximately 6.25 percent over the next 12 months.

Non-commercial remittances to Armenia grew 42.3% in July – WB

In July, net non-commercial money transfers continued strong growth, at 42.3 percent (yoy), according to the World Bank's "Armenia Monthly Economic Update – September 2025."

“Mаshtots” branch extends operating hours until 7:00 PM

“Mashtots” branch of Unibank has extended working hours. Clients can now access services at the branch from Monday to Friday, between 9:30 AM and 7:00 PM. Branch address: 22/2 Mashtots Avenue, Yerevan.

Armenia seeks to resume accepting “Mir” cards, but the problem remains unresolved

Armenia does intend to restore the ability to pay with cards from the Russian Mir payment system, but the media has misrepresented the situation, Lusine Gevorgyan, Chairperson of the RA Tourism Committee, told the ARKA news agency.

Armenia and Greece deepen cooperation in the banking sector

A memorandum of understanding between the Union of Banks of Armenia (UBA) and the Association of Hellenic Banks was signed at the international banking forum entitled "The Future of the Banking System: Sustainable Development and Innovation Prospects."

Central Bank of Armenia’s Centralized Register of Bank Accounts will be temporarily unavailable due to technical issues

Due to technical maintenance, the Central Bank of Armenia's Centralized Register of Bank Accounts will be unavailable today, September 25, until 6:00 PM, the Central Bank of Armenia's press service reported.

Armenia’s banking sector assets exceeded the country’s GDP at the end of 2024 – Central Bank Governor

Armenia's banking system assets exceeded the country's GDP at the end of 2024, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

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