"Your smartphone is locked": IDBank warns of cyberextortion that turns your smartphone into a "brick"

 Monday, June 29 2026 17:26:06

ArmInfo.  Looking for a remote job these days could result in losing control over your own phone instead of bringing the long-awaited income. Scammers are actively using a sophisticated cyberextortion scheme, in which your smartphone is remotely locked under the guise of “setting up work software”, and a ransom is demanded.

AraratBank Reports Growth in its SME Loan Portfolio in 2025
 Monday, June 29 2026 16:23

ArmInfo. AraratBank continues to expand access to competitive financing for SMEs by adopting international standards and advanced technologies, reinforcing its role in supporting sustainable economic growth in Armenia.

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AraratBank began dividend payouts today, June 29, with a total value  of 4 billion AMD
 Monday, June 29 2026 15:43

ArmInfo.At the Annual General Meeting of Shareholders held on June 24, 2026, AraratBank OJSC decided to allocate 4 billion AMD ($10.5 million) of its 11.7 billion AMD ($30.7 million) net profit from 2025 toward dividend payments. The remaining 7.7 billion AMD ($20.2 million) will be  retained by the bank to support its ongoing development. Dividend distributions are scheduled to begin on June 29.

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Ardshinbank Named Armenia’s Best Bank in Four Categories by the Global Banking & Finance Review Awards
 Monday, June 29 2026 14:13

ArmInfo.Ardshinbank has been named the winner in four categories at the Global Banking & Finance Review Awards 2026: Best Retail Bank, Best Private Bank, Best Corporate Bank, and Best CSR Bank.

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AMIO Bank has launches initial public offering of AMD bonds totaling  AMD 3bln 
 Monday, June 29 2026 14:10

ArmInfo.AMIO Bank has launched an initial public offering of registered, non-convertible, coupon-bearing AMD bonds totaling 3 billion drams. The bank announced that the placement is scheduled to be completed on August 31, after which they will be listed on the Armenian Stock Exchange.

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Armenian Ministry of Finance presents fiscal policy priorities to  international investors
 Monday, June 29 2026 12:02

ArmInfo.Armenian Finance Minister Vahe Hovhannisyan and Central Bank Governor Martin Galstyan participated in the Investor Day event, organized by the  international company Lion Finance Group.

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Armenian FX market, June 22-26:  USD transactions increase, while RUB  transactions  decline
 Friday, June 26 2026 17:45

ArmInfo.  During the week of June 22–26, 2026, the Armenian interbank foreign exchange market experienced a shift in trading activity, characterized by a recovery  in dollar-denominated transactions and a decline in ruble-denominated  trading. Euro trading has remained inactive in the interbank market  for the past four months.

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Ameriabank Raises USD 50 Million from OPEC Fund for International Development to boost SME Financing in Armenia
 Friday, June 26 2026 16:55

ArmInfo.  Ameriabank and the OPEC Fund for International Development (The OPEC Fund) signed a USD 50 million loan agreement. The agreement was signed during OPEC Fund Development Forum 2026 in Vienna, which also marked the 50th anniversary of the institution.

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AraratBank Summarizes 2025 Results at the Annual General Meeting of Shareholders 
 Friday, June 26 2026 15:50

ArmInfo.On June 24, 2026, AraratBank held its Annual General Meeting of Shareholders. In 2025, the Bank strengthened its position in the banking sector, expanded its services, and established significant partnerships with leading international financial institutions.

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Converse Bank and ADB expand access to MSME and sustainable finance in Armenia
 Friday, June 26 2026 13:18

ArmInfo.Converse Bank and Asian Development Bank (ADB) have signed a financing agreement of up to USD 15 million aimed at expanding access to finance for micro, small, and medium-sized enterprises (MSMEs) in Armenia, including women-led businesses, and promoting sustainable investments. 

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Armenia’s Largest QR Payment Systems to Collaborate: ArcaQR – IdramNet
 Thursday, June 25 2026 16:58

ArmInfo. Armenia’s two largest QR payment systems, IdramNet and ArcaQR, are joining forces to enable interoperability between their networks. As a result, Idram users will now be able to make fast and convenient payments by simply scanning ArcaQR codes directly through the Idram&IDBank app.

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RA government to allocate additional AMD 10bln to pay cashback on  non-cash purchases for pensioners
 Thursday, June 25 2026 14:52

ArmInfo.  The RA government will allocate an additional 10 billion drams to pay cashback on non-cash purchases for pensioners. The decision was made at the Cabinet  meeting on June 25.

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Armenia to receive EUR 80mln loan from OPEC Fund for International  Development
 Thursday, June 25 2026 14:46

ArmInfo. Armenia will receive an 80 million euro loan from the OPEC Fund for International Development, which will be used to fill the country's state budget  deficit. The decision to this effect was made at a government meeting  on June 25.

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Finance Minister: EDB`s priorities within new strategy for 2027-2031  critical for Armenia`s future
 Thursday, June 25 2026 11:38

ArmInfo.The priorities of the Eurasian Development Bank (EDB) within the new strategy for 2027-2031 are critical for Armenia's future. This was stated by Armenian Finance Minister Vahe Hovhannisyan on June 25 at the annual meeting and business forum dedicated to the 20th anniversary of the Eurasian  Development Bank in Almaty.

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Up to 20% idcoin for International Shopping with IDBank Visa Cards
 Wednesday, June 24 2026 19:09

ArmInfo. Online shopping has long become part of everyday life. With just a few clicks, you can order sneakers, clothing, accessories, or virtually any other product from stores around the world. But shopping becomes even more enjoyable when it is not only convenient, but also rewarding.

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AI Solutions, Expanded Geography and Much More. Eventhub`s New Features and Offers
 Wednesday, June 24 2026 17:17

ArmInfo. The event ticketing platform Eventhub is expanding its features, making the European market accessible to local buyers and event agencies.

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BSTDB and IDBank Sign EUR 10 million Financing Package  to Support SMEs and Trade in Armenia
 Tuesday, June 23 2026 15:02

ArmInfo.New partnership will expand access to finance for businesses and support cross-border trade.

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RA Ministry of Finance: In January-May 2026, Armenia`s state budget  executed with a surplus of AMD 95.8bln 
 Tuesday, June 23 2026 12:30

ArmInfo. The RA Ministry of Finance presented information on the execution of the state budget of the Republic of Armenia for January-May 2026.

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Moody’s affirms IDBank’s Ba3 rating with a stable outlook
 Tuesday, June 23 2026 10:57

ArmInfo.The prestigious international rating agency Moody’s Ratings has affirmed IDBank's long-term local and foreign currency bank deposit ratings at "Ba3" with a stable outlook.

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In Armenia`s interbank currency market from June 15 to 19, ruble transactions were executed more actively than dollar ones.
 Friday, June 19 2026 18:18

ArmInfo.In Armenia's interbank currency market from June 15 to 19, 2026, ruble transactions experienced growth, while dollar transactions began to decline. Euro transactions have not been executed for nearly four months.

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AraratBank: A New Rhythm of Life for Children with Hearing Impairments
 Friday, June 19 2026 18:03

ArmInfo.A year ago, AraratBank launched a meaningful initiative aimed at giving children with hearing impairments the opportunity to experience the rhythm and magic of music.

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News
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Armenia to develop guidelines for implementing ESG standards in  winemakingArmenia to develop guidelines for implementing ESG standards in  winemaking
"Your smartphone is locked": IDBank warns of cyberextortion that turns your smartphone into a "brick"
Historic Record Set at ZCMC Blasting Site: 75 Years of Accident-Free OperationsHistoric Record Set at ZCMC Blasting Site: 75 Years of Accident-Free Operations
AraratBank Reports Growth in its SME Loan Portfolio in 2025AraratBank Reports Growth in its SME Loan Portfolio in 2025
AraratBank began dividend payouts today, June 29, with a total value  of 4 billion AMDAraratBank began dividend payouts today, June 29, with a total value  of 4 billion AMD
Ardshinbank Named Armenia’s Best Bank in Four Categories by the Global Banking & Finance Review AwardsArdshinbank Named Armenia’s Best Bank in Four Categories by the Global Banking & Finance Review Awards
AMIO Bank has launches initial public offering of AMD bonds totaling  AMD 3bln AMIO Bank has launches initial public offering of AMD bonds totaling  AMD 3bln 
Luys Foundation: Armenia`s foreign trade dynamics remains unstableLuys Foundation: Armenia`s foreign trade dynamics remains unstable
Economist: Russia`s restrictions on Armenian imports jeopardize  approximately $594mln worth of Armenian-made goodsEconomist: Russia`s restrictions on Armenian imports jeopardize  approximately $594mln worth of Armenian-made goods
Armenian Ministry of Finance presents fiscal policy priorities to  international investorsArmenian Ministry of Finance presents fiscal policy priorities to  international investors
Armenia and Iran announces start of construction of Kajaran TunnelArmenia and Iran announces start of construction of Kajaran Tunnel
U.S. Charge d`Affaires a.i. David Allen visits ContourGlobal`s GorisU.S. Charge d`Affaires a.i. David Allen visits ContourGlobal`s Goris
Armenia, Iran discuss modernization of border crossing pointArmenia, Iran discuss modernization of border crossing point
Armenian FX market, June 22-26:  USD transactions increase, while RUB  transactions  declineArmenian FX market, June 22-26:  USD transactions increase, while RUB  transactions  decline
Official: Armenia collaborating with EEC to develop unified digital  platform within EAEU public procurementOfficial: Armenia collaborating with EEC to develop unified digital  platform within EAEU public procurement
 Armenia,  EU discuss strengthening economic resilience and exploring  new markets Armenia,  EU discuss strengthening economic resilience and exploring  new markets
Jrbashyan: Armenia Leads South Caucasus in Societal Readiness for  Demographic ShiftsJrbashyan: Armenia Leads South Caucasus in Societal Readiness for  Demographic Shifts
Prospects for exporting Armenian flowers to Europe discussed in The  HagueProspects for exporting Armenian flowers to Europe discussed in The  Hague
Ameriabank Raises USD 50 Million from OPEC Fund for International Development to boost SME Financing in ArmeniaAmeriabank Raises USD 50 Million from OPEC Fund for International Development to boost SME Financing in Armenia
AraratBank Summarizes 2025 Results at the Annual General Meeting of Shareholders AraratBank Summarizes 2025 Results at the Annual General Meeting of Shareholders 
FLYONE ARMENIA to launch Yerevan-Tashkent-Yerevan flightsFLYONE ARMENIA to launch Yerevan-Tashkent-Yerevan flights
Converse Bank and ADB expand access to MSME and sustainable finance in ArmeniaConverse Bank and ADB expand access to MSME and sustainable finance in Armenia
The Russian Fish Union stated that the ban on fish imports from Armenia will not lead to price increasesThe Russian Fish Union stated that the ban on fish imports from Armenia will not lead to price increases
Armenia and Iran agreed to jointly oversee construction of 400 kV  power lineArmenia and Iran agreed to jointly oversee construction of 400 kV  power line
Russia expands restrictions on imports of all fish products from  ArmeniaRussia expands restrictions on imports of all fish products from  Armenia
Armenia`s Economy Minister discussed current government support programs with exporters.Armenia`s Economy Minister discussed current government support programs with exporters.
In Yerevan, issues were discussed concerning the export of agricultural products and flowers transported from Armenia to the United States and to other countries via Turkey.In Yerevan, issues were discussed concerning the export of agricultural products and flowers transported from Armenia to the United States and to other countries via Turkey.
Armenia’s Largest QR Payment Systems to Collaborate: ArcaQR – IdramNetArmenia’s Largest QR Payment Systems to Collaborate: ArcaQR – IdramNet
 Facilitating access for Armenian agricultural products to EU markets  main agenda item during European Commission President`s visit to  Armenia Facilitating access for Armenian agricultural products to EU markets  main agenda item during European Commission President`s visit to  Armenia
The EDB Board approved the Bank`s Development Strategy for 2027–2031.The EDB Board approved the Bank`s Development Strategy for 2027–2031.
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 RA government to allocate additional AMD 10bln to pay cashback on  non-cash purchases for pensioners RA government to allocate additional AMD 10bln to pay cashback on  non-cash purchases for pensioners
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 Armenia to receive EUR 80mln loan from OPEC Fund for International  Development Armenia to receive EUR 80mln loan from OPEC Fund for International  Development
 Armenia plans to implement IMEI code control system for cell phones Armenia plans to implement IMEI code control system for cell phones
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In Armenia, economic activity growth accelerates from 5.7% to 8% in  January-May 2026, but foreign trade remains in declineIn Armenia, economic activity growth accelerates from 5.7% to 8% in  January-May 2026, but foreign trade remains in decline
Preparation of design and estimate documents for construction of  football stadium in Geahovit underway Preparation of design and estimate documents for construction of  football stadium in Geahovit underway 
Podguzov: EDB to strive to formulate sound and effective country  strategy for Armenia for 2027-2031Podguzov: EDB to strive to formulate sound and effective country  strategy for Armenia for 2027-2031
Armenian government approved signing of intergovernmental agreement  with Uzbekistan on international road transportArmenian government approved signing of intergovernmental agreement  with Uzbekistan on international road transport
Armenian premier announces discussions on Eurasian Economic UnionArmenian premier announces discussions on Eurasian Economic Union
Armenian authorities to provide assistance to farmers facing  restrictions on exporting their produce to Russian FederationArmenian authorities to provide assistance to farmers facing restrictions on exporting their produce to Russian Federation
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RA vice-premier participates in annual meeting of Eurasian  Development Bank CouncilRA vice-premier participates in annual meeting of Eurasian  Development Bank Council
Ukrainian Chamber of Commerce and Industry opens representative  office in ArmeniaUkrainian Chamber of Commerce and Industry opens representative  office in Armenia
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Armenian authorities working to grant international status to Syunik  Airport in KapanArmenian authorities working to grant international status to Syunik  Airport in Kapan
Center Director: Spring and June 2026 in Armenia wettest periods in  recent decadesCenter Director: Spring and June 2026 in Armenia wettest periods in  recent decades
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Exchange rates
29.06.2026
RUB4.73-0.01
USD368.06-0.06
EUR419.81-0.03
GBP486.760.07
CAD259.36-0.25
JPY22.74-0.04
CNY54.170.03
CHF455.410.04