ArmInfo. On May 7, Visa, the global leader in digital payments, announced the appointment of Sergey Martinchuk as Senior Vice President and Regional Manager for Ukraine, Moldova, Southern and Eastern Europe, Central Asia, and the Caucasus. Based in Kyiv, Martinchuk will be responsible for Visa's operations and strategy in  17 countries, according to a Visa announcement.

ArmInfo.In the first quarter of 2026, Armenia's banking system increased tax payments to the state treasury by 3.2% annually, reaching 28.6 billion drams ($75.9 million). Notably, 84.8% of this total—approximately 24.3  billion AMD—was derived from direct taxes, marking a 2.1% increase from the previous year. 

ArmInfo. In the Armenian plastic card market, cashless transactions have exceeded cash transactions, accounting for 56% of the total volume (compared to  52.3% in 2024, 51% in 2023, and 40% in 2022), totaling 4.2 trillion drams ($11 billion) in absolute terms, according to data from the  Central Bank of Armenia.

ArmInfo.  The Central Bank of Armenia informs citizens that banks do not have the right to refuse to open accounts under the Social Package program. This was stated in a statement by the Central Bank of Armenia.

ArmInfo. Current issues of Russian-Armenian business cooperation were discussed in Yerevan at the regular meeting of the Russian-Armenian Business Club, chaired by  Russian Ambassador to Armenia Sergey Kopyrkin.

ArmInfo. As of October 1, 2025, the Armenian plastic market contained over 4.7 million cards, with an annual growth rate of 15%. Moreover, the number of  microprocessing cards with NFC chips has almost doubled in three years, including a 26% year-on-year increase, reaching 3.9 million,  or 83% of the total number of cards, according to data from the Central Bank of Armenia.

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. 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. The situation at the Hrazdan Cement Plant is under the control of the Armenian government. This was stated by Deputy Minister of Economy of the Republic of Armenia Edgar Zakaryan from the rostrum of the National Assembly of the Republic of Armenia on May 27, answering a question from Arsen Torosyan, a member of the National Assembly from the ruling Civil Contract faction.

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. 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. 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 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.The refusal of some countries to service Russian Mir bank cards does not meet the common interests, says Elvira Nabiullina, Governor of the RF Central Bank. According to her, Russia continues to explain to partners that everyone is interested in creating "working payment systems."

ArmInfo. The link between the national card systems of Armenia and Russia - ArCa and MIR - will be suspended from March 30. 

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.The banking system of Armenia in Jan-Sept 2023 sent 111.8 billion drams or $284.1 million to the state treasury through taxes, which is 2.4-fold higher than the year-ago. Of this amount, 91.1% or 101.9 billion drams were paid for direct taxes (including profit tax and income tax), with an increase of 2.6-fold over the year, according to the data from the State Revenue Committee.