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News

Head of the Union of Banks of Armenia names reason for failures of ArCa payment system

The reasons behind the recent failures in the national ArCa payment system are being studied with the involvement of international experts, announced the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.

Agreements signed with over 500 victims of banking fraud in Armenia: obligations frozen until investigation completed

Agreements have been signed with over 500 citizens who have fallen victim to banking fraud in Armenia, said the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.

Banking Forum 2025 to be held in Armenia on September 23-24

Banking Forum 2025 will be held in Armenia on September 23-24, announced by the head of the Union of Banks of Armenia (UBA) Daniel Azatyan.

Armenia’s banking sector’s  profit amounted to 201 billion drams in January-June – UBA

The 17 banks in Armenia earned a combined profit of 201 billion drams in the first half of 2025, said Daniel Azatyan, head of the Union of Banks of Armenia (UBA).

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.

Euro and ruble drop against Armenian dram as USD  remains unchanged

The average market exchange rate of the US dollar to the Armenian dram as of July 30, 2025, remained unchanged compared to July 29 at 383.84 drams.

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.

Due to the failure of ArCa,  Central Bank of Armenia recommends that people apply to banks for loan repayment.

If citizens are unable to repay their credit obligations due to problems with the ArCa payment system, they can contact the banks and credit organizations that service them, the regulator told the ARKA news agency.

ArCa payment system is temporarily unavailable

ue to technical re-equipment and system improvement work, services in the ArCa payment system are temporarily unavailable from 11:46 a.m., the Armenian Card company reports.

Acba Bank to contribute to digitalization and development of the agricultural sector in Armenia

What will “smart” and innovative agriculture in Armenia be like in the near future?

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.

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