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.  "This measure does not concern price regulation. It concerns cashback for non-cash purchases using ArCa National Payment System cards," Armenian Deputy Finance  Minister Edgar Mkrtchyan stated at a press conference on December 26,  answering a question from an ArmInfo correspondent about whether the  legislator has provided mechanisms to curb the rise in prices and  annual service fees for ArCa cards, given the projected increase in  the number of people wishing to purchase these cards, following the  Cabinet's adoption of a cashback program for ArCa card purchases.

ArmInfo.  On December 25, the Armenian government approved measures and procedures for cashback on non-cash transactions using ArCa National Payment System cards. Starting in 2026, cardholders will receive a 2% cashback. Pensioners  and individuals receiving benefits will also receive an additional 2%  on non-cash purchases when paying with an ArCa card, in addition to  the already established 20% cashback.

ArmInfo.  On December 25, the Armenian government will approve measures and procedures for refunding cashless payments made by individuals through the ArCa  payment system, managed by Armenian Card CJSC.

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. 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.  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 Armenian Securities Exchange (AMX) and the Central Depository summed up the  year by holding AMX AWARDS 2024 and awarding the most active participants in Armenia's capital market based on their achievements in 2023-2024.

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. 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. Armenia's Ministry of and Social Affairs has released a list of banks participating in a 10%  cashback programme for pensioners. 

ArmInfo. In the banking sector of Armenia, the volume of lending accelerated in growth in 2023 from 13%  to 21%, reaching 5.8 trillion drams ($14.2 billion). But this was not enough to save profits from the decline, which, after a 3-fold jump in 2022, decreased by 9.2% in 2023, amounting to 229.9 billion drams ($567.9 million). This is evidenced by the data of the Financial Rating of Banks of Armenia as of December 31, 2023, prepared by  ArmInfo. 

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%).

ArmInfo. The net profit of Armenian banks dropped by 9.2% in 2023 (after 3-fold increase  in 2022), amounting to 229.8 billion drams ($567.8 million) due to the deterioration of the y-o-y dynamics of non-interest income from a  4-fold increase to an almost 2-fold decline. Moreover, on a quarterly terms, profit began to decrease in Q3, then fell sharply down (-35%) in Q4, according to the data of the Express Ranking of Banks of Armenia as of December 31, 2023, prepared by ArmInfo IC.

ArmInfo. Since the introduction  of the 10% cashback program for pensioners and people receiving  benefits when paying with bank cards, from July 2022 to November  2023, Armenian pensioners have made non-cash purchases totaling 62  billion drams. Cashback amounted to 5.2 billion drams. Prime Minister  Nikol Pashinyan announced today at a meeting of the Cabinet of  Ministers.

ArmInfo.In 2024, the program for the return of pensions and benefits for transactions on  non-cash payments for beneficiaries will not undergo any changes, Minister of Finance of the Republic of Armenia Vahe Hovhannisyan stated on December 6, during the presentation of the final version of  the draft state budget of Armenia for next year.