Economy

YEREVAN – The corporate lending portfolio of one of Armenia’s major financial institutions has exceeded one trillion drams, marking a historic first for the country’s banking industry. As of the end of October, the bank’s total corporate portfolio, which includes loans, leases,

A conference aimed at strengthening collaboration between the banking industry and the private sector was recently held in Kapan. The event, organized by the Union of Banks of Armenia, focused on the unique economic landscape and growth potential of the Syunik region.

YEREVAN – A significant sponsorship agreement was officially signed on November 4 between Urartu Football Club and AraratBank, marking the beginning of a major collaboration. The ceremony, held at the club’s training base, designated the financial institution as the team’s new title

The shift towards a digital-first banking model is accelerating in Armenia, with IDBank positioning itself at the forefront of this evolution. According to the bank’s leadership, over 90% of its services are now delivered through online and digital channels. While digital access

The price of Bitcoin has experienced a significant downturn, dropping below the $100,000 threshold for the first time since June. Market data indicates the cryptocurrency briefly fell to $99,982 before recovering slightly to $101,269. This decline represents a substantial 19.8% decrease from

Financial institutions are deepening their presence in Armenia’s regional centers through direct engagement with local businesses and residents. Recent industry gatherings have highlighted growing efforts to bridge the gap between banking services and regional economic development. Industry representatives recently convened in southern

A significant rail delivery of wheat has successfully transited through Azerbaijan, marking a notable development in regional transit relations. A train comprising 15 wagons transported 1,048 tons of wheat from Russia, passing through Azerbaijan and Georgia, before reaching its final destination at

A fresh savings campaign has been launched to help individuals build their financial reserves. The program is designed to assist those who are setting aside money for a significant future objective, making the process of saving both straightforward and rewarding. From the

A new collaboration between Armenia’s UBPay payment system and the global money transfer firm iSend will broaden options for customers sending funds abroad. Through this partnership, users can now transfer money from Armenia to the United States, Canada, India, Australia, Singapore, and

At a major international banking forum held in Vienna, the CEO of Converse Bank outlined the institution’s ongoing digital evolution, emphasizing a strategic shift towards a technology-centric and customer-oriented model. The bank initiated its comprehensive transformation in 2023, moving away from traditional