IMF approves new three-year SBA (Stand-By Arrangement) with Armenia  amounting to $175 million

 Thursday, December 4 2025 19:03:00
IMF approves new three-year SBA (Stand-By Arrangement) with Armenia  amounting to $175 million

ArmInfo. The Executive Board of the International Monetary Fund (IMF) approved a new three-year SBA (Stand-By Arrangement) with Armenia amounting to SDR 128.8 million, or approximately $175 million (100% of Armenia's IMF quota). The IMF also completed the previous, sixth review of the SBA,  set to expire on December 11, 2025, as noted in a statement issueed by the IMF.

CBA head  announces international insurance group entering Armenian  market
 Thursday, December 4 2025 17:22

ArmInfo."I recently learned that the Austrian company GRAWE Group and the German C-Quadrat Investment Group have expressed interest in the Armenian  insurance market. Experts have informed  me this is a very important event," as stated by Prime Minister Nikol Pashinyan during a regular government session on December 4, asking the head of the Central Bank why this development was significant.

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Ardshinbank recognized as “Bank of the Year” in Armenia for the fifth time by The Banker magazine
 Thursday, December 4 2025 16:34

ArmInfo. The Banker, a prestigious magazine belonging to the Financial Times Group that has been tracking financial sector developments in the world for nearly a century, annually evaluates banks’ performance by analyzing their financial results, innovative programs, strategic initiatives, and the quality of customer service.

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National Assembly of Armenia adopted  draft state budget for 2026
 Thursday, December 4 2025 16:09

ArmInfo.The National Assembly of Armenia adopted the draft state budget for 2026 during its plenary session on December 4. Sixty-five members voted in favor,  27 voted against, and three abstained.  

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In 2025, improving public sector attractiveness and competitiveness   to cost  state treasury  additional $9 million
 Thursday, December 4 2025 15:35

ArmInfo. In 2025, the Armenian government will allocate around 3.6 billion drams to reward highly productive civil servants and those engaged in self-education.   The corresponding decision was made during a government session on  December 4.

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Acba bank and France’s Proparco to continue strengthening their long-term strategic partnership
 Thursday, December 4 2025 15:12

ArmInfo. Acba bank and Proparco, a subsidiary of the French Development Agency (AFD) Group, together with the Governor of the Central Bank of Armenia, Martin Galstyan, reviewed the achievements of their cooperation to date and discussed future plans.

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Armenia intends to receive EUR 100mln credit line from FAR
 Thursday, December 4 2025 12:45

ArmInfo.  The Armenian government plans to receive a ?100 million credit line from the French Development Agency (FDA) for the development of the water and  agriculture sectors. An additional ?12.4 million will be received as  a grant from the EU. The Cabinet of Ministers approved the proposal  to sign Framework Agreement No. CAM 1029 for an unconfirmed credit  line between the RA and the FDA at its regular meeting on December 4.  It should be noted that today the government amended another loan  agreement with the FDA for ?150 million to receive funds in the  current fiscal year.

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Ardshinbank and Visa are running a cashback campaign for their cardholders ahead of the New Year
 Thursday, December 4 2025 12:00

ArmInfo. From December 1 to 31, 2025, all Ardshinbank Visa cardholders will have the opportunity to receive 10% cashback when making purchases in the following stores: ZARA HOME, ZARA, BERSHKA, OYSHO, CHARLES & KEITH, MONSOON, LA SENZA, FLORMAR, SUNGLASS HUT, ZIPPY, QUIZ, PULL & BEAR, MASSIMO DUTTI, ACCESSORIZE, STRADIVARIUS, MARKS & SPENCER.

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Armenia amends loan agreement with FDA to receive funds as early as  2025
 Thursday, December 4 2025 11:49

ArmInfo. The Cabinet of Ministers of Armenia is amending the EUR 150 million loan agreement between the Republic of Armenia and the French Development Agency  (FDA), signed on September 26, 2025, aimed at improving the  efficiency and sustainability of public service delivery in Armenia,  as well as developing the financial sector, as part of the budget  support program.

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Armenian Card reports: Currently, due to technical issues with  Armenia`s internet channels, online transactions are not being  certified
 Thursday, December 4 2025 11:28

ArmInfo.  Armenian Card CJSC reports that technical issues have been detected with Armenia's internet channels, which is why some online transactions are not being certified.

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RA Finance Minister: Armenia can repay public debt in 1.5 years
 Wednesday, December 3 2025 23:09

ArmInfo. The Ministry of Finance has conducted a study on the impact of public debt on Armenia's economic development, applying a model based on the  methodology proposed by the International Monetary Fund, as stated by Vahe Hovhannisyan during a government hour in the National Assembly  on December 3, in response  to a question from Babken Tunyan, a member of parliament from the ruling Civil Contract faction.

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AraratBank Joins Armenia`s New Greening Initiative: 100 Hectares of New Forest within Three Years
 Wednesday, December 3 2025 13:54

ArmInfo.  Next year, the first buds of 5,555 trees planted this year with AraratBank’s support will burst open, marking the beginning of the creation of 100 hectares of new forest. Maple, pine, oak, beech, pear and apple trees will enrich the landscape of village Lernajur of the Pambak community in Lori region.

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S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospect.
 Tuesday, December 2 2025 13:38

ArmInfo.  On November 28, 2025, S&P Global Ratings assigned IDBank CJSC a long-term issuer rating of “BB-” and a short-term issuer rating of “B” with a “stable” prospect. The ratings are at the same level as the sovereign rating of the Republic of Armenia.

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Euromoney Names Ameriabank Armenia’s Best Bank for Real Estate for the Second Year in a Row
 Tuesday, December 2 2025 11:16

ArmInfo. Euromoney, a leading international financial publication, has named Ameriabank the Best Bank of Armenia for Real Estate for 2025 for the second year in a row.   

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S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospect.
 Monday, December 1 2025 18:33

ArmInfo.On November 28, 2025, S&P Global Ratings assigned IDBank CJSC a long-term issuer rating of “BB-” and a short-term issuer rating of “B” with a “stable” prospect. The ratings are at the same level as the sovereign rating of the Republic of Armenia.

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Armenian Finance Minister emphasizes importance of ensuring tax  system predictability
 Monday, December 1 2025 16:32

ArmInfo. On December 1, RA Finance Minister Vahe Hovhannisyan participated in the second workshop titled "Improving the Business Environment through  Dialogue."

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From November 24 to 28, 2025, dollar transactions  decreased, while  ruble transactions rose  in Armenia`s interbank foreign exchange  market
 Friday, November 28 2025 17:22

ArmInfo. From November 24 to 28, 2025, in the Armenian interbank foreign exchange market, dollar transactions remained in decline, while ruble transactions  increased.  Euro transactions have been on hold over seven months.  Specifically, the trend in dollar transactions accelerated from 5% to  24%, while  ruble transactions shifted from a 36% decline to a 57%  increase. This resulted in the weekly ruble volume  exceeding dollar  transactions by 1.2 times, whereas  the previous two weeks has seen  dollar transactions  dominating in volume, with the gap between ruble  and dollar transactions growing from 1.2 to 1.7 times.

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AraratBank Joins Social Impact Award 2025 Summit in Ljubljana
 Friday, November 28 2025 14:52

ArmInfo. AraratBank participated in the SIA Summit 2025, held in November 18-21 at Center Rog in Ljubljana, where creativity, entrepreneurship, and social impact converge.

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IDBank Announces 50 Scholarships for a Three-Day Financial Literacy Training Course
 Thursday, November 27 2025 19:29

ArmInfo.IDBank is launching another series of financial literacy courses in cooperation with the Oogway Superheroes School, by providing 50 scholarships.

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For Investor`s Day, Ameriabank organized discussion on specifics of  Armenia`s pension system
 Thursday, November 27 2025 16:51

ArmInfo. For Investor's Day, Ameriabank hosted an event dedicated to Armenia's  pension system. The goal was to bring together people interested in  investing, allowing them to share ideas, nuances of portfolio  construction, exchange experiences, and promote the growth of an  investment culture.

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Corporate lending ahead of individual loans, but risks remain 
 Thursday, November 27 2025 13:31

ArmInfo. In the Armenian banking sector, corporate lending is trying to outpace retail lending in terms of growth - 26% versus 27%. This trend began to be observed  a year ago - 22% versus 23%. This is evidenced by the Financial  Rating of Armenian Banks as of September 30, 2025, prepared by  ArmInfo Investment Company based on published financial reports and  additionally requested data.

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News
IMF approves new three-year SBA (Stand-By Arrangement) with Armenia  amounting to $175 millionIMF approves new three-year SBA (Stand-By Arrangement) with Armenia  amounting to $175 million
Armenia attends Armenia attends "Resourcing Tomorrow" mining exhibition in London
Armenian Parliament ratifies agreement facilitating freight  transportation along EAEU transport routesArmenian Parliament ratifies agreement facilitating freight  transportation along EAEU transport routes
CBA head  announces international insurance group entering Armenian  marketCBA head  announces international insurance group entering Armenian  market
Economy Minister: Armenia sets record number of tourist visits in  NovemberEconomy Minister: Armenia sets record number of tourist visits in  November
Ardshinbank recognized as “Bank of the Year” in Armenia for the fifth time by The Banker magazineArdshinbank recognized as “Bank of the Year” in Armenia for the fifth time by The Banker magazine
National Assembly of Armenia adopted  draft state budget for 2026National Assembly of Armenia adopted  draft state budget for 2026
In 2025, improving public sector attractiveness and competitiveness   to cost  state treasury  additional $9 millionIn 2025, improving public sector attractiveness and competitiveness   to cost  state treasury  additional $9 million
Acba bank and France’s Proparco to continue strengthening their long-term strategic partnershipAcba bank and France’s Proparco to continue strengthening their long-term strategic partnership
Strengthening cybersecurity and protecting digital environment  continue to be among RA government`s priorities Strengthening cybersecurity and protecting digital environment  continue to be among RA government`s priorities 
Armenia intends to receive EUR 100mln credit line from FARArmenia intends to receive EUR 100mln credit line from FAR
Armenia to redistribute unused electric vehicle import quotas -  ministerArmenia to redistribute unused electric vehicle import quotas -  minister
Armenian Cabinet approves Free Trade Agreement between Eurasian  Economic Union and Indonesia.Armenian Cabinet approves Free Trade Agreement between Eurasian  Economic Union and Indonesia.
Ardshinbank and Visa are running a cashback campaign for their cardholders ahead of the New YearArdshinbank and Visa are running a cashback campaign for their cardholders ahead of the New Year
Armenia amends loan agreement with FDA to receive funds as early as  2025Armenia amends loan agreement with FDA to receive funds as early as  2025
Armenian Card reports: Currently, due to technical issues with  Armenia`s internet channels, online transactions are not being  certified Armenian Card reports: Currently, due to technical issues with  Armenia`s internet channels, online transactions are not being  certified
RA ambassador to U.S. visits 6th Energy Innovation and AI forum 2025RA ambassador to U.S. visits 6th Energy Innovation and AI forum 2025
Development of small aviation  one of Armenian government`s  priorities - PashinyanDevelopment of small aviation  one of Armenian government`s  priorities - Pashinyan
RA Finance Minister: Armenia can repay public debt in 1.5 yearsRA Finance Minister: Armenia can repay public debt in 1.5 years
Arsen Torosyan: Raising the minimum wage has fiscal consequencesArsen Torosyan: Raising the minimum wage has fiscal consequences
Economy Minister: One of  directions for accelerated economic  development in Armenia by 2031 could be consolidation of all  micro-strategies into six major onesEconomy Minister: One of  directions for accelerated economic  development in Armenia by 2031 could be consolidation of all  micro-strategies into six major ones
Team Holding announces launch of bond placementTeam Holding announces launch of bond placement
AraratBank Joins Armenia`s New Greening Initiative: 100 Hectares of New Forest within Three YearsAraratBank Joins Armenia`s New Greening Initiative: 100 Hectares of New Forest within Three Years
FLYONE ARMENIA airline to launch Yerevan-Vienna-Yerevan flights next  April FLYONE ARMENIA airline to launch Yerevan-Vienna-Yerevan flights next  April 
Poverty does exist in Armenia, but government taking steps to  eradicate extreme poverty - premier Poverty does exist in Armenia, but government taking steps to  eradicate extreme poverty - premier 
Positive trend of high tax revenue growth in Armenia Positive trend of high tax revenue growth in Armenia 
Meeting with FAO delegation at RA Ministry of Economy Meeting with FAO delegation at RA Ministry of Economy 
Election promises kept - premier Election promises kept - premier 
Armenia, U.S. agree to launch joint initiatives to deepen bilateral  economic cooperationArmenia, U.S. agree to launch joint initiatives to deepen bilateral  economic cooperation
Expert critical of compulsory medical insurance Expert critical of compulsory medical insurance 
Textile Industry Operator  established in ArmeniaTextile Industry Operator  established in Armenia
Kaja Kallas: EU to provide Armenia with 15 million euros to  strengthen resilienceKaja Kallas: EU to provide Armenia with 15 million euros to  strengthen resilience
Armenia, Latvia to strengthen cooperation in several areas of  technologyArmenia, Latvia to strengthen cooperation in several areas of  technology
Edmon Marukyan to Marta Kos: If you really want to help, then support  us in constructing a new nuclear power plantEdmon Marukyan to Marta Kos: If you really want to help, then support  us in constructing a new nuclear power plant
Maintenance of NPP turbogenerators completed ahead of schedule Maintenance of NPP turbogenerators completed ahead of schedule 
Armenian NPP to continue cooperation with Chinese partners Armenian NPP to continue cooperation with Chinese partners 
S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospect.S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospect.
No import quota for electric cars in Armenia as of Nov 2, 2025 -  minister No import quota for electric cars in Armenia as of Nov 2, 2025 -  minister 
Armenian economy minister presents TRIP program in Vayots DzorArmenian economy minister presents TRIP program in Vayots Dzor
Head of RA State Revenue Committee participating in 9th High-Level  Meeting of Asian InitiativeHead of RA State Revenue Committee participating in 9th High-Level  Meeting of Asian Initiative
Euromoney Names Ameriabank Armenia’s Best Bank for Real Estate for the Second Year in a RowEuromoney Names Ameriabank Armenia’s Best Bank for Real Estate for the Second Year in a Row
RA ambassador to U.S., Trump Administration officials discuss  expansion of bilateral economic cooperation RA ambassador to U.S., Trump Administration officials discuss  expansion of bilateral economic cooperation 
S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospect.S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospect.
EDB: Armenia`s economic growth projected to remain high through 2025EDB: Armenia`s economic growth projected to remain high through 2025
Armenian Finance Minister emphasizes importance of ensuring tax  system predictabilityArmenian Finance Minister emphasizes importance of ensuring tax  system predictability
Armenia, Iraq to sign memorandum of cooperation in tourismArmenia, Iraq to sign memorandum of cooperation in tourism
Tourism cluster development program to be discussed with government  officials in Vayots DzorTourism cluster development program to be discussed with government  officials in Vayots Dzor
Possible re-operation of Kars-Gyumri railway line discussed in  IstanbulPossible re-operation of Kars-Gyumri railway line discussed in  Istanbul
Armenia`s Cabinet to adopt economic policy doctrine at its first  meeting - premier Armenia`s Cabinet to adopt economic policy doctrine at its first  meeting - premier 
Airbus A320s`software updated, all flights on schedule - Wizz AirAirbus A320s`software updated, all flights on schedule - Wizz Air
FLYONE ARMENIA invested $70 million in acquisition of three AIRBUS  A320 aircraftFLYONE ARMENIA invested $70 million in acquisition of three AIRBUS  A320 aircraft
Armenia, Greece  interested in developing cooperation in high  technologyArmenia, Greece  interested in developing cooperation in high  technology
Ruben Simonyan: Armenia and Turkmenistan have significant potential  for further developing cooperation in several areasRuben Simonyan: Armenia and Turkmenistan have significant potential  for further developing cooperation in several areas
From November 24 to 28, 2025, dollar transactions  decreased, while  ruble transactions rose  in Armenia`s interbank foreign exchange  marketFrom November 24 to 28, 2025, dollar transactions  decreased, while  ruble transactions rose  in Armenia`s interbank foreign exchange  market
Armenian Economy Minister participates in Global Zero Waste Forum in  IstanbulArmenian Economy Minister participates in Global Zero Waste Forum in  Istanbul
INLIMA: Armenia launches  major program aimed at developing breeding  livestock and improving pasture routesINLIMA: Armenia launches  major program aimed at developing breeding  livestock and improving pasture routes
AraratBank Joins Social Impact Award 2025 Summit in LjubljanaAraratBank Joins Social Impact Award 2025 Summit in Ljubljana
Armenia supports strengthening Trans-Caspian International Transport  Route platform, minister saysArmenia supports strengthening Trans-Caspian International Transport  Route platform, minister says
RA SRC discusses implementation of effective tax administration in  jewelry industryRA SRC discusses implementation of effective tax administration in  jewelry industry
IDBank Announces 50 Scholarships for a Three-Day Financial Literacy Training CourseIDBank Announces 50 Scholarships for a Three-Day Financial Literacy Training Course
Read more
Exchange rates
04.12.2025
RUB4.930.03
USD381.14-0.06
EUR444.680.24
GBP508.592.36
CAD272.91-0.43
JPY24.630.11
CNY53.90-0.06
CHF476.130.11


Experts
Expert critical of compulsory medical insurance Expert critical of compulsory medical insurance 
Expert comments on medical insurance system in Armenia Expert comments on medical insurance system in Armenia 
Mariam Hambardzumyan: Armenia`s education system not adapted to meet  the needs of  businessesMariam Hambardzumyan: Armenia`s education system not adapted to meet  the needs of  businesses
Read more

Commented
ATI.SU: Demand for international cargo transportation 30% up in  ArmeniaATI.SU: Demand for international cargo transportation 30% up in  Armenia
Civil Contract nominates Armen Ktoyan for  Central Bank Board Member  positionCivil Contract nominates Armen Ktoyan for  Central Bank Board Member  position
Armenia, France considering prospects for expanding technological  cooperation  Armenia, France considering prospects for expanding technological  cooperation  

Company bonds
UCO CJSC "GLOBAL CREDIT"1
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UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2