In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.
The refinancing rate of Armenia's Central Bank will average 6.8% in 2025, according to Eurasian Development Bank's macroeconomic forecast for seven member countries for 2025–2027.
In January-April 2025, the inflow of cross-border remittances to Armenia increased by 6% year-on-year to $1.8 billion, maintaining its historic high, according to a Eurasian Development Bank’s macroeconomic forecast for seven participating countries for 2025-2027.
VTB (Armenia) has become a partner of the Music for the Future Foundation. The bank will support the foundation's key programs, including the development of cultural and educational projects, the organization of concerts, and the allocation of scholarships for young musicians.
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.
Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.
The World Bank’s Board of Executive Directors today approved the first phase of a program that will improve access to irrigation and drinking water systems in rural and underserved settlements, create jobs, boost economic growth, and strengthen water security and resilience against extreme weather in Armenia.
The government of Armenia does not have serious problems with managing the public debt, Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about about how manageable the debt is and what the main risks associated with it are.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.
The refinancing rate of Armenia's Central Bank will average 6.8% in 2025, according to Eurasian Development Bank's macroeconomic forecast for seven member countries for 2025–2027.
In January-April 2025, the inflow of cross-border remittances to Armenia increased by 6% year-on-year to $1.8 billion, maintaining its historic high, according to a Eurasian Development Bank’s macroeconomic forecast for seven participating countries for 2025-2027.
VTB (Armenia) has become a partner of the Music for the Future Foundation. The bank will support the foundation's key programs, including the development of cultural and educational projects, the organization of concerts, and the allocation of scholarships for young musicians.
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.
Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.
The World Bank’s Board of Executive Directors today approved the first phase of a program that will improve access to irrigation and drinking water systems in rural and underserved settlements, create jobs, boost economic growth, and strengthen water security and resilience against extreme weather in Armenia.
The government of Armenia does not have serious problems with managing the public debt, Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about about how manageable the debt is and what the main risks associated with it are.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.
On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
IDBank, purposefully continuing the active development of digital banking culture, launched the Visa Digital card. Now the client can get a full-fledged virtual bank card Visa Digital through the Idram&IDBank mobile application, IDBanking.am and Idram digital platforms, without visiting the office, which becomes even more convenient due to the possibility of obtaining a credit line
UnionPay International (UPI), a wholly-owned subsidiary of Chinese payment firm UnionPay, has partnered with ACBA- CREDIT AGRICOLE BANK to enable card acceptance in Armenia for the first time
Card-to-card money transfers are becoming increasingly popular with the clients of VTB Bank (Armenia). The Russian-owned bank said in a press release that the service was launched one year ago and is now available at its 157 ATMs across the country
Unistream bank cardholders can now get paid back for everyday purchases thus saving money on their RUR-currency cards, the bank’s press office reported on Tuesday
ACBA-CREDIT AGRICOLE BANK, one of the first partners of Russia’s payment system MIR, has issued ArCa-MIR new chip card, the press office of the bank reports
All types of plastic cards were used in Armenia to make 340.1 billion drams worth transactions in the first half of 2016, the Central Bank reported today adding also that the amount represented a 6.3% decline when compared to the same period of 2015
VTB Bank (Armenia) and ArmenTel telecom operator (trading as Beeline) have announced the issuance of a new co-branded banking card, designed to accelerate and simplify the process of obtaining credit lines, the bank's press service reported today
Plastic cards issued by Armenian commercial banks were used outside the country to make about 8 billion drams worth transactions in 2015 July, an almost 30% rise from the previous month, according to Central Bank’s bulletin. The number of transactions grew by 12.3 percent to 157,700
Some 2,308,083 transactions totaling AMD 108.6 billion were made in Armenia by using payment cards issued by Armenian and foreign banks in March 2015, the Central Bank of Armenia reports in a fresh issue of its monthly bulletin
Total volume of all card transactions in Armenia amounted to 1,274.8 billion drams in 2014, an increase of 26.2% compared to the year before, the website of the Central Bank of Armenia reports
Areximbank – Gazprombank Group CJSC started issuing and serving proximity cards with VisapayWave technology, the press office of the bank reported on Monday
