Banks

Customer Appreciation Day in Gyumri: IDBank

Thu, 04 Jun 2026 16:33:00 +0400

This time, IDBank’s Customer Appreciation Day, filled with surprises and gratitude, was held at the bank’s Gyumri branch. Bringing this now traditional event to the regions is part of the bank’s commitment to staying closer to its customers.

According to Seda Avagyan, Head of Customer Experience Management Unit at IDBank, the initiative has received very positive feedback from both customers and branch employees since its launch:

“We want every customer to feel how much we value their trust and appreciate them choosing us. We are happy to bring Customer Appreciation Day to the regions. The previous event was held in Armavir, this time we are in the Shirak region, and soon we will visit Lori as well. Alongside our digital development, we continue to value direct communication with our customers.”

Customers visiting the branch for their regular banking transactions were welcomed with a lucky wheel, offering the chance to win idcoins (1 idcoin = AMD 1), sweet treats, and a festive atmosphere that added a special touch to their visit.

“Many of our customers prefer being served at the branch and value face-to-face interaction. We are happy to surprise them today and once again thank them for choosing us. The Gyumri branch is busy from the very beginning of each working day. We welcome not only residents of Gyumri but also customers from neighboring communities, and we do our best to ensure that our services always meet the highest standards and our customers’ expectations,” said Vahan Manukyan, the Manager of the Gyumri branch.

IDBank promises that Customer Appreciation Day will continue bringing surprises to customers at its branches across Armenia’s regions.

The bank is supervised by the CBA.

Apple Wallet to get bill-splitting tool

Thu, 04 Jun 2026 10:34:00 +0400

Apple is prepping an iPhone feature that will enable users to split bills in by taking a photograph of a receipt.

The feature will be unveiled next week when Apple introduces iOS 27, says Bloomberg, citing sources.

It will be available in the Wallet and Messages apps.

Users will be able to take photos of receipts, assign items to different people and generate payment requests. The tool can calculate a person's share of the bill, including the item cost, tax and tip.

The tool is tied to the Apple Cash P2P payments service and users will be able to approve payments from an Apple Watch.

The partner of Fintech section is

Purchase a Sunhit solar plant with Nairi Insurance coverage

Wed, 03 Jun 2026 17:40:00 +0400

A new partnership for a safer and more sustainable future: Nairi Insurance and solar power installation company Sunhit have signed an exclusive cooperation memorandum, under which customers purchasing a solar power plant from Sunhit will receive insurance coverage from Nairi Insurance.

Sunhit is the official partner in Armenia of LONGi, one of the world’s leading manufacturers of solar panels, offering high-quality, innovative photovoltaic solutions and solar power systems.

“Nairi Insurance continuously monitors market developments and strives to provide solutions that meet the demands of the time. The rapid growth of solar energy in Armenia served as a strong incentive for us to develop this offering and provide insurance protection for solar power plant owners,” said Mane Martirosyan, Executive Director of Nairi Insurance.

Within the framework of the partnership, customers purchasing solar power plants will receive 12 months of insurance coverage against a wide range of risks, including fire, hail, strong winds, flooding, theft, and other potential damages.

“Today, solar photovoltaic plants have firmly secured their place in Armenia’s energy system. Since the beginning of our operations, we have introduced the latest global innovations into our offerings and, within a short period, established a high level of partnership with leading international companies. We highly value Nairi Insurance’s involvement in this important initiative,” said Tigran Vardanyan, Founding Director of Sunhit.

“According to global statistics, the most common causes of damage to solar power plants are hail, strong winds, and fire. Given Armenia’s significant solar energy potential, the sector’s rapid development, and growing demand, this partnership aims to promote an insurance culture within the industry and contribute to effective risk management. Solar energy, global technologies, and insurance protection are now combined in one reliable solution,” the news release states.

About Sunhit

Sunhit’s solar power systems harness the energy of the sun to provide power for homes and businesses, helping customers significantly reduce energy costs and redirect savings toward other investment and growth opportunities.

Driven by innovation and a commitment to technological advancement, Sunhit was founded in 2024, bringing together specialists with more than 10 years of experience in the professional assessment, design, and installation of solar power systems. Their extensive expertise contributes to the company’s growth, expansion, and strengthening, while also supporting Armenia’s economic development.

About Nairi Insurance

Nairi Insurance is the oldest insurance company in Armenia, with a history dating back to 1996. It is the only insurer in the country to hold an international rating from the prestigious Moody’s agency – B1 with a stable outlook.

Based on 2025 results, Nairi Insurance ranked first in the Armenian market by the volume of insurance premiums collected.

In 2025, the company established a strategic partnership with AXA Health International, one of the world’s leading health insurance providers, with a network of approximately 2 million partner medical institutions worldwide. As part of this cooperation, the companies launched the Global Health Insurance program, making an international health insurance solution available in Armenia for the first time. The program enables insured clients to receive medical treatment at leading healthcare institutions in Armenia and in 50+ countries around the world.

Doing Digital Forum and UNCHAIN Festival Partner to Advance Armenia–EU Financial Innovation

Wed, 03 Jun 2026 17:24:00 +0400

Doing Digital Forum, a leading international platform at the intersection of the digital economy and financial technology, and UNCHAIN Festival, Central and Eastern Europe’s flagship finance and technology summit, have announced a strategic partnership aimed at strengthening collaboration between Armenia’s finance and technology ecosystem and the broader CEE financial innovation landscape.

The partnership was formalized through the signing of a Memorandum of Understanding (MoU), establishing a comprehensive framework for cooperation between the two platforms.

As part of this collaboration, Armenia will be represented on the Ecosystem Stage of UNCHAIN Festival 2026 on 17-18 June, showcasing the Armenian fintech and financial ecosystem.

The annual Doing Digital Forum brings together top leaders from the business, public, communications, finance, and fintech sectors to discuss the key trends shaping digital transformation across industries.

“Today, Armenia is becoming a regional bridge where connectivity, diplomacy, and infrastructure are converging – creating a growing role for Armenia in Europe-Asia economic flows. As traditional economic connections are being redefined, digital platforms are becoming the new architecture of cooperation. This partnership with UNCHAIN is an important step toward strengthening those connections and creating new opportunities for collaboration, innovation, and regional growth between Armenia and Central and Eastern Europe,” said Tatevik Simonyan, Founder of Doing Digital Forum.

Since 2022, UNCHAIN Festival has connected banks, fintechs, regulators, and industry leaders in Oradea, Romania.

“We are excited to support stronger connectivity between Armenia and the CEE region, and to contribute to a broader mission of regional integration, collaboration and mutual development. As ecosystem builders in finance, UNCHAIN and the Doing Digital Forum share a common goal: creating more bridges for ideas, partnerships and growth across our regions,” noted Alexandra Pollack, Founder and CEO of UNCHAIN Festival.

As part of the partnership, members of the Doing Digital Forum community will benefit from special participation conditions for UNCHAIN Festival 2026 and can register using the link.

“The strategic partnership is expected to create new opportunities for Armenian ecosystem stakeholders to deepen cooperation with Central and Eastern Europe’s financial innovation community and strengthen institutional and business connections across the region,” the news release reads.

Simple Talks: A Fresh Take on Finance with AraratBank

Wed, 03 Jun 2026 13:50:00 +0400

AraratBank and the From Simple to Simple financial literacy podcast have launched Simple Talks, a new collaborative series intended to make financial topics easier to understand through practical examples and clear explanations of financial concepts and terminology.

Presented in a Q&A format, the podcast features engaging and insightful discussion. Garegin and Anita from AraratBank’s Marketing Team bring forward some of the most common questions asked by customers, while Ara Chalabyan, Finance Lecturer at the American University of Armenia and Member of the Board of AraratBank, provides clear and practical answers.

What may seem like complex financial questions at first glance are transformed into simple, practical, and easy-to-understand answers that anyone can relate to.

The debut episode of Simple Talks is dedicated to travel cards, addressing questions such as whether a travel card is worth having, what advantages it provides, and which practical recommendations can help travelers enjoy a smoother and more rewarding travel experience.

One of the additional benefits of the travel card is the insurance coverage it provides. AraratBank’s Mastercard World Travel card comes with a comprehensive travel insurance package, including worldwide medical coverage of up to EUR 30,000, compensation for flight delays and cancellations, lost or delayed baggage, loss of funds, legal expenses, assistance related to lost documents, and more. Cardholders and their guests can also enjoy 6 complimentary visits per year to more than 1,200 LoungeKey airport lounges worldwide, as well as 6 Fast Track services annualy.

Upcoming episodes of Simple Talks will cover fraud and financial scams, as well as the real estate-secured loans and transfer of mortgage loans to AraratBank.

Promoting financial literacy among the younger generation has always been a priority for AraratBank. To support this goal, the Bank has launched a range of educational initiatives, both through its own programs and in collaboration with partners.

AraratBank is regulated by the Central Bank of Armenia.

Ameriabank won in 4 categories at AMX Awards 2026

Wed, 03 Jun 2026 11:49:00 +0400

Ameriabank received 4 awards at the annual AMX Awards ceremony, taking home three awards from Armenia Stock Exchange and one from the Central Depository of Armenia.

In particular, Ameriabank was recognized the best in the following categories:

• Best Exchange Member in Corporate Securities Market
• Best Exchange Member in Infrastructure Integration
• Best Reporting Issuer in Corporate Bond Market
• Best Account Operator of Depository System

In 2025 Ameriabank became the first bank in Armenia to provide its investment clients with direct access to the trading system of Armenia Stock Exchange through MyInvest platform. This integration enables MyInvest users to trade on various platforms of Armenia Stock Exchange in real time directly from their mobile app, due to which the number of transactions of Ameriabank clients in the first quarter of 2026 grew by 150% vs the same period of the previous year, while the share of Ameriabank clients’ transactions on one of the exchange’s most active platforms – the corporate bonds market – hit 80%.

It is noted that in 2025 the total value of bonds issued by Ameriabank reached AMD 63.5 billion, with the total value of bonds placed by the bank amounting to AMD 98 billion. During the reporting period Ameriabank implemented 18 projects in the debt capital market, including placement of debut bonds of three companies. In 2025 Ameriabank also served as a market maker for Series 34 securities for 11 issuers.

As of December 31, 2025, the total volume of bonds issued and traded by Ameriabank amounted to about 28% of the bonds listed on Armenia Stock Exchange.

During the annual AMX Awards ceremony Armenia Stock Exchange and the Central Depository grant awards to active participants of the capital market, recognizing their significant contributions and achievements. This year the awards ceremony was held as part of the event celebrating the 25th anniversary of the establishment of Armenia Stock Exchange.

The bank is supervised by the Central Bank of Armenia.

Armen Pogossian Represents Armenia at Forbes Under 30 Summit China

Wed, 03 Jun 2026 10:36:00 +0400

Armen Pogossian, Owner of Pogossian Luxury Brand House, became the first Armenian entrepreneur to appear within the Forbes Under 30 platform in China, marking a significant milestone for Armenian entrepreneurship, luxury craftsmanship, and international business representation.

Pogossian was invited to participate in the 2024-2025 Forbes 30 Under 30 Summit China, held at Zhengzhou Sias University in Henan Province alongside the 2026 Forbes China Economic Forum. His presence at the prestigious gathering highlighted not only his growing international profile but also Armenia’s expanding voice in global entrepreneurship, luxury branding, and cross-border collaboration.

Held under the forward-looking theme “Jumpstarting the Future,” the two-day summit brought together an influential community of past and present Forbes China Under 30 honorees, global financial and business leaders, visionary investors, industry judges, academic pioneers, and senior Forbes China executives.

The summit opened with an exclusive welcome reception in the French Garden of Zhengzhou Sias University, where remarks were delivered by Herman Chik, Head of International Business at Forbes China, and Niu Xiaoyu, Party Secretary of Zhengzhou Sias University. The setting created a powerful atmosphere for dialogue, innovation, and connection among the next generation of leaders.

As part of the summit’s high-level dialogue, Armen Pogossian shared his perspective on the role of young entrepreneurs in shaping the future of global business.

“Future entrepreneurs do not simply follow trends; they create them in an ever-changing market. Bringing together individuals who share this vision of excellence makes transformative change inevitable. My experience at the Forbes Under 30 Summit proved that by exchanging ideas, embracing innovation, and remaining open to borderless collaboration, we can begin to see and shape a part of the future before it even arrives,” noted Armen Poghosyan.

Throughout the summit, Pogossian engaged with leading entrepreneurs, innovators, investors, and business figures from across China and beyond. His participation reflected a broader mission: to connect Armenian excellence with international platforms that recognize talent, ambition, and future-focused leadership.

The summit’s main program featured five keynote speeches and three specialized roundtable forums, covering topics including AI-powered smart hardware, domestic computing power ecosystems, new consumer brand logic, and embodied intelligent robotics.

A major highlight of the event was the highly anticipated Under 30 Awards Gala, where honorees from the 2024 and 2025 Forbes China Under 30 lists were celebrated. The evening spotlighted the diversity, ambition, and vision driving China’s newest generation of business leaders.

During the summit, the elegantly designed Jardins d’Arménie booth attracted notable attention from guests, offering an immersive tasting experience that introduced attendees to the distinctive character and heritage of the royal brandy. This further strengthened Armenia’s cultural and luxury presence within the Forbes Under 30 environment.

Pogossian Luxury Brand House supported the successful execution of the summit alongside a prestigious group of corporate partners, including iSoftStone, Plug and Play China, Dreame AI Smart Ring, and MarcumAsia.

About Armen Pogossian

Armen Pogossian is the 27-year-old owner of Pogossian Luxury Brand House (SPS Cigaronne), one of the fastest-growing international luxury groups built on a family legacy of craftsmanship, creativity, and excellence. Representing a new generation of Armenian entrepreneurs, Pogossian continues to expand the presence of innovative luxury across global markets.

About Pogossian Luxury Brand House

Since the early 1990s, the Pogossian family has been creating exceptional luxury products rooted in craftsmanship and refinement. Based in Armenia and present in more than 40 countries, Pogossian Luxury Brand House (SPS Cigaronne) embodies a vision of creativity, excellence, and immersive brand experiences designed for an international clientele.

Unibank has launched instant transfers by phone number

Tue, 02 Jun 2026 16:48:00 +0400

Phone number transfers are now available in Unibank’s UNIMobile application. Unibank customers can now instantly send money to users of other banks connected to the Arca Pay system by entering the recipient’s phone number.

Unibank reported that with ArcaPay transfers, there is no need to enter the recipient’s card number or other banking details, which makes the process simpler and faster.

To make a transfer, users need to go to the “Transfer by phone number” section in the UNIMobile app, select ArcaPay transfer, enter the recipient’s phone number and bank, input the amount, and confirm the transaction. The funds are transferred to the recipient’s account within seconds and become available for immediate use.

Until December 31, 2026, ArcaPay transfers will be free of charge. The maximum transaction amount is 400,000 AMD.

“The launch of this new service in UNIMobile marks another step by Unibank toward the development of digital services and the provision of modern, convenient solutions for managing customers’ finances,” the bank said in a news release.

Idram Becomes a Partner of “Little Mher”

Tue, 02 Jun 2026 10:28:00 +0400

The region’s first AI-generated feature-length animated film, “Little Mher,” has premiered on the big screen. Idram, through its Idram Junior app, is a partner in the creation of the film.

“Little Mher” is based on the Armenian national epic Daredevils of Sassoun (Sasuntsi Davit), reimagined through a modern and innovative lens. At the heart of the story is Little Mher (Pokr Mher), who emerges from the legendary Raven Rock (Agravakar) and finds himself in a contemporary Armenian village. There, he encounters a completely new reality that leaves him surprised, confused, yet unwaveringly faithful to his character and values.

Arsen Kdanyan, Director of Idram, noted: “We always value opportunities to support initiatives that help preserve, reinterpret, and promote Armenian culture. ‘Little Mher’ is not only a remarkable animated film but also the first project of its kind in the region in terms of the technology behind its creation. We are confident that it will be warmly welcomed by children, teenagers, and adults alike. This story will once again remind younger generations of the importance of friendship, staying true to their values, and appreciating Armenian culture and traditions.”

Combining the timeless legacy of Daredevils of Sassoun with cutting-edge artificial intelligence technologies, “Little Mher” offers audiences a fresh perspective on one of Armenia’s most beloved epic heroes while introducing his story to a new generation.

The creative team plans to introduce “Little Mher” to international audiences by translating the film into multiple languages and making it available across global platforms. Although the story is rooted in the Armenian epic Daredevils of Sassoun (Sasuntsi Davit), the screenplay has been developed in a way that makes it engaging and accessible to viewers from different cultural backgrounds.

“At the heart of the story are universal themes such as the search for identity, courage, family, loyalty, and the protection of one’s values—concepts that resonate across cultures. Our goal is for the film’s cultural uniqueness not to be a barrier, but rather an element that sparks curiosity and interest in the story,” said Hovhannes Margaryan, author of the project, director and producer of the film, and founder of the 485 Generative Technologies Center.

The production of “Little Mher” brought together an experienced creative team that combined cutting-edge technologies with traditional filmmaking expertise, artistic vision, and professional craftsmanship.

To ensure authenticity, the team provided AI systems with hundreds of real-life photographs of Armenian villages, settlements, homes, everyday objects, and environments collected during extensive research and location scouting. This enabled the generated visuals to accurately reflect recognizable settings deeply rooted in Armenian reality and culture.

Starting June 1, “Little Mher” will be available in cinemas across Armenia, making it a special gift for children in celebration of International Children’s Day. Tickets can be purchased through the Idram&IDBank app.

Idram is supervised by the CBA.

David Rapava: We want to create hospitality that is globally competitive but emotionally Georgian

Mon, 01 Jun 2026 22:30:00 +0400

Banks.am’s interview with David Rapava, CEO, Silk Hospitality

- Silk Hospitality has evolved from operating individual hotels to creating what you call “destination experiences” across Georgia. What drove this strategic shift, and how do you define a destination experience versus traditional hospitality?

- This shift came naturally because Georgia is not a destination where hospitality can be limited to a room or a lobby. The real value is in the full experience: food, wine, culture, music, landscape, people, and emotion.

For us, a destination experience means creating a reason to travel, not only a place to stay. In Tbilisi it may be architecture, restaurants, nightlife, and urban culture. In Tsinandali it is wine, music, history, and nature. In Batumi it is the sea, leisure, and entertainment.

Radisson Blu Iveria hotel

Image by: Silk Hospitality

Our goal is simple: hotels should not only host guests; they should reveal the destination.

- From your perspective, what makes Georgia’s hospitality landscape unique, and how is Silk Hospitality positioned within it?

- Georgia is unique because it combines ancient culture with modern energy. It has wine, cuisine, mountains, the sea, heritage, and a very strong tradition of genuine hospitality, all within a compact country.

Silk Hospitality is positioned at the meeting point of local identity and international standards. We are not trying to copy foreign models. We want to create hospitality that is globally competitive but emotionally Georgian.

- Do you think that Georgia and Armenia share similar tourism development trajectories in the post-Soviet space?

- Georgia and Armenia share many similarities: strong history, culture, cuisine, hospitality, and post-Soviet transformation. Both countries are rediscovering how to present themselves to the world.

At the same time, their strengths are different and complementary. Georgia has developed strongly around wine, lifestyle, the Black Sea, mountains, and urban hospitality. Armenia has exceptional heritage, cultural depth, and diaspora connections.

David Rapava

Image by: Silk Hospitality

Together, they can create a stronger regional tourism story.

- Your portfolio spans very different geographies - from urban Tbilisi and seaside Batumi to mountain Tusheti and wine country Tsinandali. How do you maintain brand coherence while serving such diverse destinations and traveler needs?

- For us, coherence does not mean making every property look the same. Georgia’s destinations are too different for that.

The common thread is our philosophy: authenticity, design, service quality, emotional connection, and a strong sense of place. In Tbilisi this may feel urban and social; in Tsinandali, cultural and refined; in Batumi, energetic and leisure-driven; in the mountains, quiet and authentic.

Same values, different expressions.

- What distinguishes a “lifestyle hotel” from a traditional luxury property, and why has this become central to your strategy?

- Traditional luxury is often about formality, materials, and service rituals. Lifestyle hospitality is more about atmosphere, design, food, music, culture, and social energy.

This is very important for us because Georgia is emotional, warm, and social by nature. A hotel here should not feel anonymous. It should be alive, connected to the city or destination, and attractive not only to hotel guests but also to locals.

Luxury today is not only about perfection. It is about identity and memory.

- Silk Hospitality offers “much more than accommodation” through restaurants, bars, wellness, and cultural programming. Can you walk us through a specific example of how these elements create a complete guest experience at one of your properties?

- Tsinandali Estate is a good example. A guest may arrive for a hotel stay, but the experience quickly becomes much broader.

They can enjoy the historical estate, gardens, Georgian wine, wellness, local cuisine, and during the festival period, world-class classical music. These elements are not separate; together they create one complete emotional journey.

At Tsinandali Estate

Image by: Mediamax

The same applies at Telegraph in Tbilisi: history, design, restaurants, bars, and city energy all become part of the stay.

- Tsinandali Estate has positioned itself as both a hotel and a cultural destination with its music festival and historical significance. How do you balance commercial hospitality operations with cultural preservation and programming?

- Tsinandali is not just a hotel. It is part of Georgian cultural memory, so we have to treat it with responsibility.

For us, culture is not separate from business; it is the core of the experience. The festival, wine heritage, historical estate, and gardens all strengthen the property commercially, but they also protect its identity.

At Tsinandali festival

Image by: Mediamax

The goal is to make commercial success support preservation and cultural programming, not replace them.

- Armenian travelers have become increasingly significant visitors to Georgia. Which of your properties resonate most with Armenian guests, and do you tailor any experiences specifically for the Armenian market?

- Armenian travelers are very important for us because of the natural closeness between Armenia and Georgia. Many know Georgia well, so they appreciate quality, atmosphere, good food, design, and authentic experiences.

We see strong interest in Telegraph Hotel in Tbilisi, our Batumi leisure projects, and Tsinandali Estate for wine, culture, wellness, and weekend escapes.

The Telegraph hotel

Image by: Silk Hospitality

For this market, we focus on food and beverage, family travel, wellness, premium short stays, and personalized experiences for repeat guests.

- The Telegraph hotel is your new “gem”. Is it popular among Armenian visitors?

- Yes, absolutely. Telegraph has quickly become one of the most interesting hotels in Tbilisi for regional travelers, including Armenians.

Its appeal is the combination of location, historic architecture, contemporary design, restaurants, bars, and atmosphere. It does not feel like a standard luxury hotel; it feels connected to Tbilisi.

Tatuza jazz club in The Telegraph hotel

Image by: Silk Hospitality

We also see interest from younger travelers and creative professionals from Yerevan who come for weekends, dining, events, and social experiences.

- What’s your assessment of regional tourism cooperation in the South Caucasus? Many Armenian tour operators combine Georgia-Armenia itineraries — how does this influence your strategy?

- Regional cooperation is very important. Many international travelers see the South Caucasus as one broader journey rather than only one country.

David Rapava

Image by: Silk Hospitality

Georgia and Armenia work very well together in combined itineraries culture, wine, food, heritage, nature, and city experiences. I see this as complementary, not competitive.

For Silk Hospitality, this means positioning our properties as key anchor points in regional routes: Tbilisi, Kakheti, Batumi, and beyond. A stronger South Caucasus tourism ecosystem benefits everyone.

Ara Tadevosyan spoke to David Rapava

Unisport crowned Armenian Futsal Premier League Champion

Mon, 01 Jun 2026 17:11:00 +0400

Unisport has been crowned champion of the Armenian Futsal Premier League. In the second match of the playoff final, Unisport once again defeated Yerevan, claiming a convincing 8–3 victory.

As the club’s main sponsor, Unibank continues to support Unisport and remains committed to the development of sports in Armenia. Supporting sports has long been an important part of Unibank’s corporate social responsibility strategy. The bank contributes to the growth of both professional and youth sports, helping create opportunities for athletes to achieve their full potential.

Unibank believes that investment in sports contributes not only to athletic achievements but also to leadership growth and national pride.

Mitsubishi Electric Systems to be integrated into the Azatutyun Complex

Mon, 01 Jun 2026 15:53:00 +0400

The Azatutyun premium multifunctional complex continues to expand its international partnerships as part of its strategy to create a high-standard residential environment in Yerevan.

On May 27, Azatutyun Multifunctional Complex and Consel, the official representative of Mitsubishi Electric in Armenia, signed a memorandum of cooperation under which Mitsubishi Electric engineering systems will be integrated into the complex.

Mitsubishi Electric is one of the global leaders in climate-control systems and is internationally recognized as a symbol of engineering excellence, innovation, and reliability. The brand’s solutions are implemented in premium residential and multifunctional developments across the world, where comfort, sustainability, and long-term efficiency are considered essential standards.

Guided by these same principles, Azatutyun selected Mitsubishi Electric as its engineering systems partner. Consel, the official representative of the brand in Armenia, is one of the country’s most experienced engineering companies, with nearly 25 years of expertise in the design, supply, and implementation of advanced engineering solutions, ensuring reliable and internationally compliant operation standards.

The memorandum marking the partnership was signed by David Atanessian, Founder and CEO of Azatutyun Multifunctional Complex, and Arman Papazyan, Founder and CEO of Consel.

“When creating the Azatutyun complex, we had a very clear objective: to establish a new benchmark for quality, architecture, and contemporary urban living in Armenia. From the very beginning, it was important for us that this would not become just another development project, but rather a project distinguished by both its quality and philosophy. That is why we approached the selection of every partner with great responsibility. Today, we are pleased to officially welcome Mitsubishi Electric and its official Armenian representative, Consel, among our partners,” noted David Atanessian.

David Atanessian

According to Arman Papazyan, this partnership once again reflects the shared vision of Azatutyun and Consel to unite international expertise, contemporary architecture, and advanced technologies within one integrated environment.

“We are proud to take part in the realization of this important project. The choice of Mitsubishi Electric for the Azatutyun complex fully aligns with the project’s overall concept of creating a modern, intelligent, and long-term value-driven environment. At the same time, Consel’s years of experience and engineering capabilities allow these technological solutions to be implemented with precision, a systematic approach, and in accordance with international engineering standards,” stated Arman Papazyan.

Arman Papazyan

The event brought together representatives of the diplomatic corps, partners, investors, and leading industry professionals to mark a collaboration aimed at setting a new benchmark for premium residential development and engineering solutions in Armenia.

It is noted that during the evening, guests were introduced to the Azatutyun premium multifunctional complex, including its residential, commercial, and leisure spaces, contemporary architectural solutions, and high-standard infrastructure. The project is being developed on Azatutyun Avenue, one of Yerevan’s most important urban arteries, where the city begins and continues.

The evening featured live performances by Midnight Avenue Jazz Band and a signature cocktail created especially for the occasion, creating a warm and distinctive atmosphere for guests.

Armenia Stock Exchange (AMX) Celebrates Its 25th Anniversary

Mon, 01 Jun 2026 15:23:00 +0400

The Armenia Stock Exchange (AMX) today celebrates the 25th Anniversary of the establishment and development of Armenia’s capital market, reflecting on the key achievements of the past quarter-century while marking the beginning of a new stage of growth.

As part of this significant milestone for the financial sector, a regional conference was held in Yerevan on May 29, bringing together leading industry experts, executives of international and regional stock exchanges and central depositories, representatives of regulatory authorities, investment and financial institutions, ambassadors, and senior government officials from more than 16 countries.

Hayk Yeganyan, CEO of the Armenia Stock Exchange, highlighted the Exchange’s pivotal role over the past 25 years in strengthening Armenia’s financial system, deepening international partnerships, and advancing regional integration. According to Yeganyan, the anniversary serves not only as an opportunity to celebrate past achievements but also as a platform for outlining new prospects and launching reforms of strategic national importance.

The CEO of the Armenia Stock Exchange expressed special gratitude to the international partners who joined the event:

“Their presence reflects Armenia’s growing position as a trusted and fully integrated participant in the global financial ecosystem.”

Over the past 25 years, the Armenia Stock Exchange has evolved into a key financial market infrastructure institution, connecting issuers, investors, and international partners while promoting market transparency, innovation, and sustainable growth. Having successfully navigated an important path of establishment and development, AMX today provides a reliable and attractive platform for both domestic and international investment and cooperation.

During the past quarter-century, the Exchange has undergone significant transformation, continuously enhancing market infrastructure, strengthening transparency and governance standards, expanding investment accessibility, and deepening international cooperation.

The conference featured keynote speeches by Martin Galstyan, Governor of the Central Bank of Armenia, who emphasized the importance of capital market development, financial stability, and investment climate improvement.

The event also hosted a series of thematic panel discussions bringing together distinguished experts, representatives of international financial institutions, and leading capital market participants to discuss major industry trends, challenges, and future opportunities.

The first panel discussion, titled “Capital Markets as a Bridge for Economic Connectivity,” focused on regional economic integration, expansion of investment opportunities, and strengthening international cooperation. Participants shared experiences from different countries, highlighting the importance of interconnected capital markets and the need to facilitate investment flows within the context of global economic cooperation.

Recognizing the crucial role of public policy and regulation in promoting economic growth and integration, the second panel discussion, “Regulation and Policy as Enablers of Economic Growth and Cross-Border Integration,” explored opportunities for capital market development, strengthening investor confidence, and expanding international financial cooperation. Discussions also addressed legislative reforms, market transparency, and prospects for regional integration.

The modernization of digital technologies and the implementation of innovative financial solutions are increasingly important for capital market development. Against this backdrop, the third panel discussion, “The Future of Capital Markets: Fintech and Digital Transformation,” focused on innovation, market efficiency, and modernization of the investment environment. Participants discussed the future of fintech ecosystems, broader adoption of digital tools, and global trends in capital market digitalization.

The conference concluded with the panel discussion “Exchange Innovations: Crypto, Tokenization & Blockchain in Capital Markets,” which examined the impact of blockchain technologies, asset tokenization, and crypto solutions on capital market development. Participants highlighted the emergence of innovative trading platforms, prospects for digital asset regulation and adoption, and opportunities to enhance market transparency and efficiency through blockchain technologies.

Armeconombank offers the “Child” deposit for a secure future for children

Mon, 01 Jun 2026 10:45:00 +0400

On the occasion of International Children’s Day, Armeconombank has increased the annual nominal interest rates for the “Child” time deposit for investments made in AMD and USD:

Currency	Annual Nominal Interest Rate
AMD	9.5 %
USD	4.5 %

The offer is valid from 01.06.2026 to 31.08.2026 for “Child” time deposit(s) invested in the name of children under 16 years of age.

The bank reported that within the scope of the promotion, the bank also provides other privileges to customers who invest a “Mankakan” time deposit of at least AMD 1 million (or equivalent USD):

• Visa Guru Travel payment card with AMD 0 annual service fee (for the 1st year),
• “SIL INSURANCE” CJSC travel insurance (TR Whole World AEB) at a tariff of AMD 4,000,
• Provision of references at a 50% discounted tariff,
• Individual safe deposit box at a 30% discounted tariff (except for safe deposit boxes located at the Head Office).

The deposit can be:

• opened at the bank’s head office and branches (except for “ARARATYAN” and “SILACHI” branches),
• replenished via AEB Mobile/Online.

Details of the deposit can be found here.

Armeconombank is regulated by the Central Bank of Armenia.

On May 30, “Unisport” will compete for the title of the Armenian champion

Fri, 29 May 2026 20:48:00 +0400

On May 30, 2026, the second match of the playoff final of the Armenian Futsal Premier League will take place.

Unibank reports that the Armenian Cup winners “Unisport” will face “Yerevan” in the match for the national championship title.

In the first match of the playoff final, “Unisport” secured a confident victory, defeating "Yerevan" 6:2. For “Unisport”, Hamlet Manukyan scored a brace, while Mamikon Dermenjyan, Mihran Dermenjyan, Putrus Vasilev, and Gor Sargsyan each scored one goal. Putrus Vasilev currently leads the top scorers’ chart with 94 goals.

The “Unisport” club competes under the sponsorship of Unibank.

“For many years, Unibank has supported the development of professional sports and Armenian athletes, helping them represent Armenia properly and achieve high results on the international stage and in prestigious competitions, including the Olympic Games.

“Unisport’s” successes once again demonstrate the effectiveness of cooperation between sports and business and highlight the importance of continued support for sports development.

The final match on May 30 promises to deliver an exciting and intense competition for futsal fans”, the statement reads.

With IDBank’s support, Ian Gillan and Tony Iommi Awards established at Gyumri Music School No. 6

Fri, 29 May 2026 17:08:00 +0400

Impacture 2026 became not only a platform for discussions on charity, corporate social responsibility (CSR), and impact investing, but also the launchpad for a meaningful and symbolic initiative.

During the conference, a new annual award program for students of Gyumri Music School No. 6 was announced. The awards will bear the names of world-renowned musicians Ian Gillan, lead vocalist of Deep Purple, and Tony Iommi, guitarist and founding member of Black Sabbath.

The initiative aims to recognize the school’s best vocalists and qanun players each year. Ian Gillan and Tony Iommi warmly welcomed the idea, while IDBank undertook the funding of the awards.

Based on video recordings submitted by the school featuring several vocal and qanun performances, Ian Gillan and Tony Iommi personally selected the first award recipients: sixth-grade student Narek Zakaryan in the vocal category and fourth-grade student Monika Nersisyan in the qanun category.

Each award carries a prize of AMD 150,000 in the form of idcoins.

According to Tatevik Vardevanyan, Head of Communications and CSR Programs Department at IDBank and Idram, Rock Aid Armenia is a unique initiative with long-term impact that has not only revived an educational institution but has also created new opportunities for talented children.

“At IDBank, we are guided by the same principle of creating long-term impact, believing that even a small contribution can bring about meaningful change. For the past six years, we have been turning this idea into reality through the ‘The Power of One Dram’ initiative,” said Tatevik Vardevanyan.

The new award program is closely connected to the history of Rock Aid Armenia, which emerged in the aftermath of the 1988 Spitak earthquake with the participation of world-famous rock musicians. In 2009, as a result of the Armenia Grateful 2 Rock project initiated by Mediamax, a new building for Gyumri Music School No. 6 was constructed with the direct involvement of Ian Gillan and Tony Iommi.

In 2019, the 30th anniversary of the Rock Aid Armenia initiative was marked in Armenia with IDBank as the main partner. During that visit, Ian Gillan and Tony Iommi also visited Gyumri Music School No. 6.

The companies are supervised by the CBA.

Byblos Bank Armenia provides tuition support for 9 students displaced from Artsakh

Fri, 29 May 2026 16:22:00 +0400

Byblos Bank Armenia has provided funding to help cover the tuition fees of 9 students who were forcibly displaced from Artsakh and are currently enrolled at Gavar State University.

“Supporting young people and ensuring equal access to education remain key responsibilities for the bank.

The initiative aims to ease the social challenges faced by Artsakh students and their families who are living in difficult circumstances,” the bank said in a news release.

“This is a very important initiative for Byblos Bank Armenia. It will help create a stable environment for young people to master their chosen professions, launch and grow their careers. It will allow students to focus on their education at this important stage of their lives and find better opportunities to achieve their goals,” said Hayk Stepanyan, CEO of Byblos Bank Armenia.

“We highly appreciate the support provided by Byblos Bank Armenia to students who were forcibly displaced from Nagorno-Karabakh and enrolled at GSU. Initiatives like this encourage the youth of Artsakh, strengthen hope and optimism for the future and inspire them to pursue knowledge with determination, become qualified specialists and fulfill their aspirations,” noted Ruzanna Hakobyan, Rector of Gavar State University.

It is noted that education is one of the key pillars of Byblos Bank Armenia’s corporate social responsibility strategy. The bank actively cooperates with universities and other educational institutions, with a strong focus on creating long-term impact.

An unforgettable day instead of toys: June 1st guide from Idram&IDBank

Fri, 29 May 2026 11:03:00 +0400

June 1st, International Children’s Day, is approaching – a perfect occasion to remind everyone about the importance of children’s rights and their well-being.

Beyond its significant meaning, this is also a day of smiles. But what should we give to the little ones? Most of us probably had toys that were quickly forgotten, yet we all cherish those vivid memories of the first time we rode an amusement park attraction with our parents.

This year, Idram and IDBank suggest giving more than just things but also give the gift of time spent together. From May 28 to June 14, 2026, inclusive, when making QR payments via the Idram&IDBank app at the following children’s entertainment centers, you will receive up to 15% instant idcoin (up to a maximum of 5,000 idcoin during the campaign, after taxes).

• Yerevan Park,
• Victory Park,
• Captain Kid’s Treasure Island,
• Magic Land (Erebuni Mall, Megamall, and Mashtots 5 branches),
• Game Lab,
• Play Lab,
• Alby Land.

“Remember that the best gift for children is the time spent with you. While Idram and IDBank are here to help make that time enjoyable and full of surprises,” the news release reads.

Check out all the campaign details here.

Iram and IDBank are supervised by the CBA.

Unibank issues perpetual bonds with a 13.25% annual yield for shareholders

Fri, 29 May 2026 10:16:00 +0400

Unibank has issued a new tranche of perpetual AMD-denominated bonds with a volume of AMD 9 billion, available exclusively to the bank’s shareholders.

The bank reported that the coupon rate of the new issuance is set at 13.25% per annum, making it “one of the most attractive offerings on the market for investors seeking stable long-term returns.”

Investors who are not currently shareholders of the bank may gain access to the perpetual bonds by purchasing Unibank shares. The bank is currently placing another tranche of ordinary shares worth AMD 3.9 billion. A total of 10 million shares are expected to be placed by September 9, 2026.

Unibank continues to expand opportunities for shareholders and contribute to the development of Armenia’s capital market by offering investors modern and efficient long-term investment solutions.

According to the terms of the offering, investors are entitled to purchase 300 perpetual bonds for every 2,600 ordinary shares held. For holdings exceeding 2,600 shares, the maximum number of purchasable perpetual bonds increases proportionally – one additional bond for every 8 additional ordinary shares. The minimum purchase amount is 100 bonds.

The coupon rate for the new tranche is set at 13.25% per annum for the first 36 months, after which it will be determined based on the yield curve of government bonds. Coupon payments will be made semi-annually.

Last year, Unibank became the first bank in Armenia’s history to issue perpetual bonds totaling AMD 6.5 billion and USD 9 million, successfully placing them well ahead of schedule.

The placement generated strong activity in the securities market and became one of the most notable events in the country’s financial sector.

IDBank Presented It’s Vision for Social Responsibility at Impacture 2026

Wed, 27 May 2026 17:23:00 +0400

Representatives of the business community, financial sector, NGOs, and the expert community came together on one platform to discuss current trends in the development of corporate social responsibility, philanthropy, and impact investing.

IDBank was a partner of the Impacture 2026 annual conference held in Yerevan.

27.05.2026 | 08:58 Impacture 2026: Business, charity, CSR, “One Dram,” and big results

IDBank was a partner of the Impacture 2026 annual conference held in Yerevan. Mher Abrahamyan, Chairman of the Management Board of IDBank, participated in one of the event’s key discussions, the panel session titled “Charity, CSR and Impact Investments: Conflict or Complementarity?”.

During the discussion, Mher Abrahamyan emphasized that, in today’s financial system, social responsibility has evolved beyond traditional charity and has become an essential component of strategic business management, aimed at creating long-term impact, strengthening public trust, and ensuring sustainable development.

“Corporate social responsibility today is not merely an initiative; it is a mindset and an integral part of business culture. At IDBank, we believe that being a successful business is not measured solely by financial results. It is equally important to share that success with society, support people, and contribute to the development of the environment,” noted Mher Abrahamyan.

At Impacture 2026, the Bank also presented its experience in implementing social responsibility programs, including “The Power of One Dram” initiative, within the framework of which Idram and IDBank have already allocated around AMD 300 million to the implementation of more than 55 educational, social, environmental, and community development programs.

The companies are supervised by the CBA.