ArmInfo. The day before, "Armenian Banking Days" were held for the first time in the capital of Austria. The initiator of the Vienna event was the Union of Armenian Banks together with Raiffeisen Bank International (RBI).

ArmInfo. In the banking sector of Armenia, against the backdrop of active consumer lending (growth by 29%), the growth of delinquencies has accelerated sharply - from  6% to a double-digit 39%, taking into account high-risk bad loans. 

ArmInfo. In the first half of 2025, the banking system of Armenia increased tax deductions to the state treasury by 28% per annum - to 105.3 billion drams ($274 million). Of this amount, 93% or 97.9 billion drams were paid in  direct taxes, with an annual growth of 30%. This is evidenced by the  data of the State Revenue Committee of the Republic of Armenia,  according to which a year ago, tax deductions of the banking system  to the state treasury were in decline by 11.4%, with a decline of 13%  in direct taxes.

ArmInfo.  The ongoing lending activity in the first half of 2025 has enabled Armenian banks to consistently increase their profits at double-digit rates. This is evident  in the 29%  annual increase in the loan portfolio  reaching  6.9 trillion ($18 billion) and the total net profit of banks rising  17% per annually to 200.7 billion drams ($522 million), according to  data from  the Express Ranking of Armenian Banks as of 30.06.2025,  prepared by the Investment Company ArmInfo. 

ArmInfo. Ardshinbank, a leading Armenian bank, has submitted  a bid for HSBC Malta, according to international media outlets. The  bank itself does not comment on its participation in the purchase of  HSBC's Maltese subsidiary.

ArmInfo.  The 5th tranche of Armenian Eurobonds was successful in terms of placement time and yield rate, as stated by Armenian Finance Minister Vahe Hovhannisyan during a press conference, in response to a question from ArmInfo.

ArmInfo.  In the first quarter of 2023, the banking system of Armenia increased tax payments to the state treasury by 25% per annum - up to 27.7 billion drams ($70.8 million). Of this amount, 85.5% or 23.8 billion drams were paid in direct taxes, with an annual growth of 26%. This is evidenced by the data of the State Revenue Committee of the Republic of Armenia.

ArmInfo.  The continued lending activity in the first quarter of 2025 has enabled Armenian banks to increase profits at double-digit rates. Thus, the growth in the loan portfolio by 28% per annum, reaching 6.5 trillion ($16.7 billion) has  contributed to a 21% annual increase in the total net profit of  banks, amounting to 100.6 billion drams ($256.9 million). This is evidenced by data from the Express Ranking of Armenian Banks as of 31.03.2025, prepared by ArmInfo Investment Company.

ArmInfo. The merger between “Ardshinbank” CJSC and “Ardshininvestbank” CJSC has successfully completed.

ArmInfo. By January 1, 2025, there were over 4.3 million cards in the plastic market of Armenia, with an annual growth of 16.3%. During the same period,  microprocessing cards with an NFC chip have increased by 2.3 times  over three years, with a 31% increase in 2024 (compared to 24% in  2023), totaling 3.4 million units or 79% of the total number of  cards, as evidenced by data of RA Central Bank. 

ArmInfo. Economist Suren Parsyan believes that the fifth and final issue of Eurobonds ended up costing Armenia more than the previous ones.  The economist pointed out that  in 2013, Armenia issued Eurobonds for the first time in its financial  history, amounting $500 million. This amount was mainly used to repay  the Russian interstate debt. Later, the government continued to issue  Eurobonds several times to pay off previous debts and acquire  additional loans.

ArmInfo. Armenia has placed Eurobonds worth $750 million, which indicates a high level of confidence among international investors in the republic's economy.  This was stated by Babken Tunyan, a member of parliament from the  ruling Civil Contract faction, on  social media. 

ArmInfo. According to the  authoritative international magazine Global Finance, Converse Bank  has been named the winner in the category "Best Bank in Armenia in  Trade Finance" for 2025 ("Best Trade Finance Provider 2025 in  Armenia"). As ArmInfo was informed by the bank's press service,  Converse Bank has received this award for  the sixth consecutive  year.  The award ceremony was held in Amsterdam, within the framework  of the "BAFT Europe Bank-2025" forum, where the  Bank was represented  by its Financial Director and Deputy General Director, Grant  Hakobyan.  Akopyan expressed gratitude for the high assessment of  Converse Bank's activities in  trade finance and noted:  "This not  only testifies to the success and efficiency of the Bank's work in  this area, but also stimulates innovative solutions and ongoing  developments, that will allow us to continue  maintaining leading  positions in trade finance."

ArmInfo. Armenian banks have started to decrease the rate of lending to the economy, while increasing consumer lending at a faster rate.

ArmInfo. In the plastic card market of Armenia, cashless transactions established themselves as the dominant force in 2024, accounting for 52.3% of the total volume (compared to 51% in 2023 and 40% in 2022), totaling 3.6 trillion drams ($9.1 billion) in absolute terms. This is evidenced by data from the Central Bank of the Republic of Armenia.

ArmInfo. The Central Bank of Armenia has completed the bankruptcy process of Ardshinbank OJSC after 23 years. It began in 2002 and is completely separate from the Ardshinbank CJSC that is currently operating. The Central Bank Council made the relevant decision during a meeting on January 29, 2025.

ArmInfo.

ArmInfo. An active lending policy in 2024 allowed Armenian banks to ensure high profit growth. Thus, an increase in the loan portfolio by 25% - to 6.3 trillion ($ 15.8 billion) increased net profit by 61% - to 363.2 billion drams ($  915.8 million). This is evidenced by the data of the Express Ranking  of Armenian Banks as of 31.12.2024, prepared by ArmInfo Investment  Company.

ArmInfo. Further development of the Armenian economy is possible only if the republic has good ties with both Russia and the West. Only with good relations  with both poles can Armenia become a mediating bridge. This was  stated in an interview with an ArmInfo correspondent by the head of  the  economist Suren Parsyan.

ArmInfo.  As of October 1, 2024, the plastic card market in Armenia had 3.964 million cards, indicating an annual growth of 11%. Over the past three years, the  number of microprocessing cards with an NFC chip has increased by 2.4  times, with an annual growth of 22.4%. The total number of these  cards now exceeds 3 million, accounting for 76.4% of all cards in  circulation. This is evidenced by data from the Central Bank of the  Republic of Armenia.