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Tag: UBA

UBA president finds it necessary to reform justice system to improve investment environment in Armenia

Economy
President of the Union of Banks of Armenia (UBA) Mher Abrahamyan finds correction of a number of faults an important step on the way of improvement of investment environment in the country and protection of interests of domestic and foreign investors. He is quoted by the union's press office as saying in an interview that the mission of the Central Bank of Armenia in very important in the process of rooting out these problems

UBA head speaks about legislative changes relating to bank secrecy

Banks
President of the Union of Banks of Armenia (UBA) Mher Abrahamyan said in an interview to whom the amendment to the law on bank secrecy will not apply, the press office of the union reports

Amount of non-cash transactions made in Armenia by using plastic cards in 2018 soared by 47.2%, UBA says

Banks
The total amount of non-cash transactions made in Armenia by using banking cards in 2018 soared by 47.2% from the previous year to 395.9 billion drams

Samvel Chzmachyan leaves office after eight years of UBA chairmanship

Banks
Samvel Chzmachyan, a banker with a 44-year work experience, has left office after eight years of chairmanship in the Union of Banks of Armenia (UBA), Golos Armenii reported on Tuesday

Union of Banks of Armenia provides computers and printers worth 21 mln drams to border villages

Banks
The Union of Banks of Armenia has provided computers and printers worth a total of 21 million drams to schools in border villages, the head of the union Samvel Chzmachyan told reporters on Monday

Anelik Bank CEO resigns to take over as president of UBA

Banks
Armenian Anelik Bank CEO Samvel Chzmachyan has resigned and will work only as president of the Union of Banks of Armenia (UBA)

Diners Club International to enter Armenian market in 2 months: UBA chairman

Economy
Diners Club International, one of the world’s leading payment systems, will enter the Armenian market within the next two months

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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