ArmInfo.The net profit of Armenia's banking system by the end of 2025 returned to its natural growth rate of 17% (versus 60% in 2024), exceeding 421.3 billion  drams or $1.1 billion. According to the Express Ranking of Armenian  Banks as of December 31, 2025, prepared by the ArmInfo information  agency, the virtually double-digit growth in net profit has once  again been supported by consistently active lending, rather than by  temporary short-term factors, as was the case in 2022-2023 during the  surge in foreign exchange and card transactions of relocators. 

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.

ArmInfo.The EIB Group (EIB and EIF) will provide a 30 million euro partial portfolio guarantee to Inecobank to boost access to finance for micro, small,  and medium enterprises (MSMEs) in Armenia. This initiative is expected to support around 120 Armenian MSMEs and sustain 1,800 jobs. The project is supported by the European Commission under the  EU4Business Guarantee Facility.

ArmInfo. From January to September 2025, Armenia's banking system increased tax payments to the state treasury by 28% year-on-year, reaching 131.2 billion drams ($343 million). According to the State Revenue Committee, 91.5%, or 120 billion drams, of this amount was paid in direct taxes (including  profit and income taxes), a 30% increase compared to the same period last year.

ArmInfo. The active lending in the Armenian banking sector is driving double-digit growth  in net profit. According to the Express Ranking of Armenian Banks as  of September 30, 2025, prepared by ArmInfo Investment Company, credit  investments and other loans saw a year-on-year increase from 22% to  26.2%. This growth allowed net profit to continue its double-digit  growth, although at a slower pace, going from 25% to 15%. The total  volume of  credit investments and other loans reached 7.3 trillion  drams ($19 billion), resulting in a net profit of 308 billion drams  ($805 million) for the nine month reporting period.

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. Inecobank will receive $15 million under  the EBRD Green Economy Financing Facility. The loan will be used to support small businesses and corporate clients in investing in green  technologies.

ArmInfo. The Armenian government is changing the scopes of creditors for the program to resume operations at the Amoulsar gold mine.  The decision was made by the Cabinet of Ministers on April 30.  As stated in the explanatory note to the document, the adoption of the project is conditioned by the necessity to ensure the issuance of a budget guarantee in order to  ensure the normal course of activities of <Lidian Armenia> CJSC.

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 bonds of The Crowdfunding Formula (TCF), one of the leading companies in Armenia providing innovative and non-standard investment solutions, have been listed on the Armenian Stock Exchange (AMX) in the Bbond list. As noted in the AMX press release, TCF is the first technology company in Armenia to issue securities.

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. Ameriabank continues  to lead among other Armenian banks in a row. According to the data of  the State Revenue Committee, in the first half of 2024, Ameriabank  ranked 6th (versus 4th a year earlier), having paid 17.5 billion AMD  to the state budget, of which 16.5 billion AMD were direct taxes  (including profit tax, income tax).

ArmInfo. The banking system of Armenia has begun actively lending to the economy and population, but the industrial sector remains the 'Achilles heel' of the loan  portfolio, according to the data of the Financial Rating of Banks of  Armenia as of March 31, 2024, prepared by ArmInfo.

ArmInfo.Businesses in Armenia will have more opportunities to invest in green technologies thanks to a US$ 10  million (EUR 9.3 million) loan, which the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing to Inecobank for on-lending to corporates and small and medium-sized enterprises (SMEs) for green investments. This is stated in the official statement of the EBRD.

ArmInfo. In Q1 2023, the banking system of Armenia increased tax contributions to the state  treasury by 8.3% per annum - up to 22.2 billion drams ($56.5 million). Of this amount, 85.2% or 18.9 billion drams were paid in direct taxes, with a y-o-y increase of 7.4%.  

ArmInfo.The net profit of Armenian banks increased in by 18.8% per annum Q1 2024  (after a 2.2-fold increase a year earlier), exceeding 83.1 billion drams ($211.4 million). It was possible to maintain the positive dynamics of net profit thanks to the acceleration of the y-o-y growth of the loan portfolio from 3.5% to 18.7%, ensuring a volume of 5.1 trillion drams ($13 billion), according to the data of the Express Ranking of Banks of Armenia on March 31, 2024, prepared by ArmInfo IC.  In Q1 2024 alone, the net profit of banks increased 5.6-fold, while a year earlier in the same period a meager quarterly growth of 1.5% was recorded, and in Q4 2023, the dynamics completely slipped to negative 35%.

ArmInfo. In 2023, the banking system of Armenia doubled tax payments to the state treasury - up to AMD 123.5bln ($305 million), of which AMD 71.5bln were for direct taxes (with an annual increase of 39.7%).