The implementation of the Open Banking model in Armenia is aimed at expanding consumer options in their dealings with financial institutions, Martin Galstyan, Chairman of the Central Bank of Armenia, told reporters on the sidelines of the "SME Sector: Impact and Development Challenges" conference.
The Central Bank of Armenia, together with the Ministry of Economy and partners from the World Bank, is discussing a mechanism for providing partial guarantees for small and micro businesses through a special guarantee fund.
Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.
The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.
As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.
The loan portfolio of Armenia's banking system increased by 29.89% in the third quarter of 2025 compared to the same quarter of 2024, reaching AMD 7.16 trillion.
The European Bank for Reconstruction and Development (EBRD) is one of the leading institutional investors in Armenia, and to date has invested over €3 billion in Armenia through 245 projects, 85% of which are in the private sector.
Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.
Inflation in Armenia accelerated in April amid rising prices for food and non-food products, according to the Eurasian Development Bank's weekly macro review.
In the Armenian consumer market, 12-month inflation in April of this year amounted to 5.3%, according to a report from the Statistical Committee of Armenia.
The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $458.2 million in January-March 2026, compared to $143.7 million in January-March 2025, according to a report from the Central Bank.
Amid the S&P 500's worst quarter since 2022, rising global anxiety, and persistent geopolitical uncertainty, investors are increasingly asking whether this is a temporary market reaction or a deeper shift in investment logic.
Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.
The digital infrastructure of the Armenian capital market has made significant progress in recent years, but the market still lacks a more robust regulatory and technological framework for the full development of new financial instruments.
The capital market of Armenia is undergoing a significant transformation: there is an increasing interest in bonds, foreign investors are becoming more engaged, and there is a rising demand for new financial instruments, ranging from IPOs to digital assets
The implementation of the Open Banking model in Armenia is aimed at expanding consumer options in their dealings with financial institutions, Martin Galstyan, Chairman of the Central Bank of Armenia, told reporters on the sidelines of the "SME Sector: Impact and Development Challenges" conference.
The Central Bank of Armenia, together with the Ministry of Economy and partners from the World Bank, is discussing a mechanism for providing partial guarantees for small and micro businesses through a special guarantee fund.
Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.
The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.
As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.
The loan portfolio of Armenia's banking system increased by 29.89% in the third quarter of 2025 compared to the same quarter of 2024, reaching AMD 7.16 trillion.
The European Bank for Reconstruction and Development (EBRD) is one of the leading institutional investors in Armenia, and to date has invested over €3 billion in Armenia through 245 projects, 85% of which are in the private sector.
Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.
Inflation in Armenia accelerated in April amid rising prices for food and non-food products, according to the Eurasian Development Bank's weekly macro review.
In the Armenian consumer market, 12-month inflation in April of this year amounted to 5.3%, according to a report from the Statistical Committee of Armenia.
The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $458.2 million in January-March 2026, compared to $143.7 million in January-March 2025, according to a report from the Central Bank.
Amid the S&P 500's worst quarter since 2022, rising global anxiety, and persistent geopolitical uncertainty, investors are increasingly asking whether this is a temporary market reaction or a deeper shift in investment logic.
Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.
The digital infrastructure of the Armenian capital market has made significant progress in recent years, but the market still lacks a more robust regulatory and technological framework for the full development of new financial instruments.
The capital market of Armenia is undergoing a significant transformation: there is an increasing interest in bonds, foreign investors are becoming more engaged, and there is a rising demand for new financial instruments, ranging from IPOs to digital assets
VTB Bank (Armenia) began cooperation with the Yerevan Factory of Sparkling Wines in December 2020 as part of a government program designed to subsidize interest rates on loans provided to economic entities engaged in the agro-processing sector, providing it with funds for purchase of raw materials
In 2020, Armenia will stop taking loans for financing its budget deficit, Armenian Deputy Finance Minister Armen Hayrapetyan said Thursday at an extraordinary session of the National Assembly
For the first time, Ardshinbank has implemented a trade finance deal with the International Bank for Economic Cooperation (IBEC) under the General Financing Agreement signed in September 2019, the press office of Ardshinbank reported on Friday
The Financial Monitoring Center (FMC) of Armenia’s Central Bank said it had received 232,635 reports in 2017 on cash transactions exceeding the legal requirement of 5 million drams, up from 206,065 reports in 2016
The ACBA Leasing company offers financing for the purchase of Mercedes Benz cars on favorable terms. The company said in a news release that the models of Mercedes Benz commercial vehicles were presented by Avangard Motors
IFC, a member of the World Bank Group, said it has arranged a landmark $140 million financing package for the Vorotan Hydropower Cascade, one of Armenia’s main power generating facilities, to bolster the country’s supply of clean energy
VTB Bank (Armenia) has financed rehabilitation therapy for 60 children from poor families with cerebral palsy (CP), the bank's press service reported today
VTB Bank (Armenia) said today it had provided funding to Strawberry Field company for the construction of a modern energy-saving greenhouse in the village of Nor Geghi in central Kotayk province
