AGP Executive Report
Last update: 11 hours agoBanking & Regulation: Armenia is set to introduce a formal bank restructuring (resolution) framework for insolvent lenders, after the National Assembly’s finance committee gave a positive opinion on the draft “On Bank Restructuring,” aiming to stop one bank’s crisis from spilling into the whole system and align local rules with international standards. FX & Inflation Watch: The Central Bank says the dram’s recent rise is mainly driven by stronger financial inflows and ongoing FX interventions when the market is one-sided, while warning that Strait of Hormuz disruptions could push up food prices. Digital Services: Unibank launched fee-free online payroll card issuance, letting clients apply remotely via website or QR, with biometric verification. Fraud Prevention: Acba Bank and EFES rolled out “account insurance” against cyber fraud losses, sold through the acba digital app. EU Visa Path: Armenia approved new biometric ID regulations to support EU visa liberalization benchmarks, including mandatory ID cards for citizens 16+. Business & Community: Acba Bank and FPAN launched the 2026 organic agriculture program, offering co-financing for organic certification (up to 400,000 drams) with applications open until June 15.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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