Oppositionist: Armenia`s debt burden is twice that of Georgia and three times that of Azerbaijan

 Monday, November 2 2026 18:22:35
Oppositionist: Armenia`s debt burden is twice that of Georgia and three times that of Azerbaijan

ArmInfo. Armenia's debt burden is three times higher than that of Azerbaijan and twice that of Georgia. Hayk Farmanyan, a member of parliament from the Strong Armenia opposition faction, stated this in a conversation with journalists in parliament on November 2, commenting on the draft state budget for 2027 presented by Prime Minister Nikol Pashinyan.

IDBank has issued perpetual coupon bonds for the first time
 Monday, November 2 2026 14:29

ArmInfo.  On November 2, 2026, IDBank will, for the first time, offer registered perpetual coupon bonds through a public offering on the following terms:

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Armenia`s gross international reserves approach $7 billion, setting a new record by October 2026
 Monday, November 2 2026 12:34

ArmInfo. Armenia's gross international reserves (GIR) increased by 55.4% per annum or $2.4 billion by October 2026, setting a new record at $6.666 billion, while in the same period of 2025 the growth was more modest - by 20% or $715.7 million - to $4.289 billion. In September alone, GIR grew modestly - by 2% (or $133.7 million), against an insignificant growth of 1.1% (or $46.1 million) a year earlier in the same month. Over the 9 months of this year, GIR increased by 31.1% (or $1.6 billion), while a year ago, for the same period, a relatively modest growth of 16.4% (or $604.1 million) was recorded. This is evidenced by data from the Central Bank of the Republic of Armenia.

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On the Armenian interbank currency market, dollar transactions decreased from October 26 to 30, while ruble transactions began to grow.
 Friday, October 30 2026 19:16

ArmInfo. From October 26 to 30, dollar transactions on the Armenian interbank currency market declined, while ruble transactions began to rise. Meanwhile, euro transactions have been suspended for the third week. Specifically, dollar transactions reversed from a 2.2-fold increase to a 32% decline, while ruble transactions, conversely, reversed from a 14.5% decline to a 7% increase. This allowed the weekly volume of ruble transactions to maintain its dominance over dollar transactions, with the gap increasing from 2x to 3.1x.

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IDBank Supports the Reconstruction of the Spandaryan Canal: Commemorative Plaque Dedicated to the Project Signed
 Friday, October 30 2026 18:58

ArmInfo.As part of the Spandaryan Canal reconstruction project, IDBank Chairman of the Management Board Mher Abrahamyan signed a commemorative plaque that will be incorporated into a future sculpture․

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IDBank and Idram Presented Several Environmental Initiatives at COP17
 Friday, October 30 2026 18:44

ArmInfo.  IDBank and Idram  summarized their participation at COP17 alongside their partners, presenting a number of key initiatives in the fields of sustainable development and biodiversity.

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The retention of a significant portion of non-resident funds in Armenia can be seen as indirect evidence of the quality of services provided by banks, says the head of the Central Bank.
 Friday, October 30 2026 18:09

ArmInfo. The funds accumulated in the banking system since 2022 primarily came from non-residents, and the majority of them are still in Armenia. Martyn Galstyan, Governor of the Central Bank of Armenia, stated this in an interview with the research resource Hetq (Sled).

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Martin Galstyan: The Central Bank of Armenia raised the budgetary liquidity ratio to 2.25%, estimating the amount of additional capital to absorb unexpected losses under an expected shock of 250 billion drams
 Friday, October 30 2026 15:54

ArmInfo.  The Central Bank of Armenia increased the countercyclical capital buffer (CCB) by 0.25% to 2.25% of risk-weighted assets (effective from May 2027), estimating the amount of additional capital needed to absorb unexpected losses from an expected shock of almost 250 billion drams. Central Bank of Armenia Chairman Martin Galstyan stated this in an interview with the research website Hetq (Sled). He noted that, for now, this amount will be sufficient to address potential future risks and scenarios for addressing emerging issues, citing assessments from macro-stress testing. "In recent years, the Central Bank, through one of its instruments – the CBC – has increased capital, indicating the need for additional capital in the event that the positive developments we are seeing cease at a certain time, or a certain reversal occurs. Banks would be prepared for these scenarios," Galstyan emphasized. When asked by the interviewer what the Regulator has provided for citizens in this case, the head of the Central Bank noted that, in the context of financial stability, the Central Bank does not have a mandate to demand a conscientious approach from citizens, but regularly encourages financial literacy and takes measures to increase awareness. "In addition to this, for the Central Bank to assume a paternalistic function of intervening in the decisions of every citizen, I note that the Central Bank does not have such a mechanism, and in fact, there are no countries in the world where the regulator has such a function," he noted.

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Sevak Mikaelyan became a member of the Board of the Central Bank of Armenia
 Friday, October 30 2026 13:03

ArmInfo. Sevak Mikaelyan has become a member of the Board of the Central Bank of Armenia. This was confirmed following the results of a secret ballot held in the National Assembly of the Republic of Armenia on October 30.

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«Here’s the screenshot, the money has been transferred»: IDBank warns of fake payment scams
 Friday, October 30 2026 10:57

ArmInfo. Scammers are increasingly using fake screenshots of transfers, winnings, and bonuses to trick victims into handing over goods or sending them real money. A screenshot from a banking app can look convincing: the specified amount, a familiar logo, and a "transfer completed" status. But an image on the screen does not yet mean that the money has actually arrived.

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Digital Architecture for a Sustainable Future: IDBank`s Article in Regional Post Magazine            
 Thursday, October 29 2026 19:19

ArmInfo.  In a special issue of Regional Post magazine dedicated to COP17, IDBank shared its strategic vision and commitment to digital innovation, biodiversity conservation, and the "green" transformation.

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First Steps in Your Career with IDBank: 16th Cycle of IDream Launched
 Thursday, October 29 2026 19:15

ArmInfo.The 16th cycle of IDBank’s IDream educational program has begun, giving 35 participants the opportunity to gain the theoretical knowledge and practical skills needed to build a career in the banking sector.

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Rate.Trading. New Digital Culture of Currency Exchange
 Thursday, October 29 2026 19:11

ArmInfo. Imagine this: you're planning a trip, making a major purchase, or simply want to save in foreign currency. You check various websites, then head to a bank or currency exchange. But standing in line wastes time, and your preferred exchange rate could change during that period.

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The Armenian Minister of Finance discussed education development and business support with the head of AGFUND.
 Thursday, October 29 2026 17:36

ArmInfo. Armenian Finance Minister Vahe Hovhannisyan received a delegation led by Prince Abdulaziz bin Talal Al Saud, Chairman of the Gulf Cooperation Fund for Development (AGFUND) and the Prince Talal International Award Committee.

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Sevak Mikaelyan: The country`s banking system`s loan portfolio has already approached 9 trillion drams.
 Thursday, October 29 2026 17:29

ArmInfo. The Armenian banking system is experiencing unprecedented growth. This was stated by Sevak Mikaelyan, a candidate for membership in the Board of the Central Bank of the Republic of Armenia, from the podium of the National Assembly of the Republic of Armenia on October 29.

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Developing a green bond market requires not only cooperation between all players, but also direct government participation
 Wednesday, October 28 2026 23:04

ArmInfo. Without a comprehensive approach, the development of a sustainable capital market is impossible. Shushanik Hovsepyan, Head of Capital Markets at Ameriabank, expressed this opinion in an interview with journalists on the sidelines of an event dedicated to the potential of capital markets in financing environmental and climate initiatives, which was held as part of COP17 at the initiative of the Armenian Securities Exchange and the UN Exchanges for Sustainable Development Initiative. (UN SSE).

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Digital Future and Sustainable Development: IDBank`s Chairman of the Management Board in an Interview with Forbes
 Wednesday, October 28 2026 17:56

ArmInfo.  In his interview with Forbes, Mher Abrahamyan, IDBank's Chairman of the Management Board, presented the bank's development vision focused on digital innovation, green finance, and sustainable development.

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The Central Bank of Armenia will increase the countercyclical capital buffer twice in the first half of 2027: from February to 2% and from May to 2.25%
 Tuesday, October 27 2026 15:29

ArmInfo. The Central Bank of Armenia has decided to further increase the regulatory capital buffer (CCB) to 2.25%, effective May 2027. Prior to this, the CCB will be raised from the current 1.75% to 2% starting in February 2027 (according to the Central Bank's decision of July 28, 2026). As noted in the Central Bank's announcement published yesterday, the Central Bank's Board made the decision to increase the CCB to 2.25% on October 20 of this year, based on a comprehensive analysis of macro-financial and credit market developments.

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The "Climate Change and Women" Award Ceremony Took Place at COP17: Idram and IDBank
 Tuesday, October 27 2026 01:24

ArmInfo.           From climate change mitigation to environmental education and innovative solutions, the "Climate Change and Women" award ceremony united leading women in the field, highlighting their initiatives and contributions to biodiversity conservation. Winners in each of the seven main categories received idcoins worth AMD 300,000 from Idram and IDBank.

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Armenia’s banking system increased payments to the state treasury by 13.7% over nine months.
 Monday, October 26 2026 18:07

ArmInfo. Armenia’s banking system increased tax payments to the state treasury by 13.7% year-on-year in January-September 2026, reaching AMD 149.2 billion ($411.3 million). According to data from the State Revenue Committee of the Republic of Armenia, 90.5% of this amount, or AMD 135.1 billion, was paid in direct taxes (including profit tax and income tax), which is 12.6% higher than a year earlier.

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On the Armenian interbank currency market from October 19 to 23, dollar transactions remained on the rise, while ruble transactions began to decline
 Friday, October 23 2026 18:43

ArmInfo. From October 19 to 23, dollar transactions on the Armenian interbank currency market maintained growth, while ruble transactions began to decline, while euro transactions have not been conducted for the second week. In particular, the growth of dollar transactions slowed from 10 times to 2.2 times, and the trend of ruble transactions reversed from 36.1% growth to a 14.5% decline. Nevertheless, the weekly volume of ruble transactions remained higher than dollar transactions, but the gap narrowed from 5 times to 2 times.

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News
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