Union of Banks of Armenia

Union of banks of Armenia is the union of banks operating in the Republic of Armenia. The Union was founded on the 27th of July, 1995, according to the RA law on “Banks and Banking” and number one decision of commercial banks’ constitutive meeting.
At the very moment of its establishment 31 commercial banks entered into the membership of the Union. Currently, all 18 commercial banks are the members of the Union.
The Union is the legal entity non-commercial organization and its goal is to present the corporate interests of its members. UBA is the legal successor of the “Association of Banks of Armenia”.

• Protect and introduce the interests of Union members in  state and local self governmental bodies, international and non -governmental organizations, come up as plaintiff and respondent in courts
• Protect and introduce the interests of Union members in the Central bank of Armenia, therefore organize joint discussions and come up with suggestions
• Contribute to  the development and consolidation of interbank relations, systematize the activities of  Union members aimed at the development and implementation of  long-term joint programs
• Participate in the implementation projects on legislative   and other normative acts on banking and financial-credit activities in the Republic of Armenia
• Provide  Union members with information on  local and international banking operations, unreliable credit borrowers prescribed by the law, organize publication work
• Promote  the integration of advanced banking methods and technologies in the system for the improvement of the services and  increase of the operation efficiency
• Contribute to  the conformation of banking services and adoption of contemporary counting system to the international criteria, as well as promote the integration of banking system of the Republic of Armenia into the international one
• Develop  and realize training and educative programs for bank employees, organize  trainings in corresponding establishments  abroad
• Organize seminars and forums
• Implement and realize other tasks and projects driven from the corporate interests of the Union members that do not violate RA legislation and UBA Charter