Dear Visitor,
Welcome to the official website of the Union of Banks of Armenia (UBA).
The website provides comprehensive information about Armenia’s banking system, the UBA’s mission, its key areas of activity, ongoing initiatives and programs, as well as opportunities for education and professional development.
The UBA’s 30-year history also holds a special place, highlighting the Union’s journey and the key milestones in its development and activities.
The website also provides information on major events, news and developments in the banking sector, along with events organized and programs implemented by the UBA.
The Union of Banks of Armenia is committed to maintaining open and effective communication with the public, its partners and banking sector stakeholders. Our aim is to contribute to the availability of reliable and comprehensive information about Armenia’s banking system, promote transparency and the continued development of the sector, and strengthen cooperation among its stakeholders.
Additional information about the UBA’s activities and Armenia’s banking sector is also available on the Union’s social media platforms.
Тhank you for visiting our website.
Daniel Azatyan
Chairman
Union of Banks of Armenia
OUR MISSION
Contributing to an Effective and Predictable Regulatory Environment
The Union of Banks of Armenia (UBA) participates in the development of the legislative and regulatory framework governing the banking and financial sectors by assessing its impact on the industry, presenting the positions of banks, and putting forward well-founded professional recommendations.
Unite Professional Expertise and Develop Joint Solutions
The UBA provides opportunities for professional dialogue and the exchange of experience among member banks, fostering cooperation on matters of common interest and the implementation of joint initiatives.
The Union also facilitates cooperation platforms bringing together banks, government and regulatory authorities, international organizations, and the private sector to address key issues related to the development of the financial sector.
Support the Development of a Sustainable, Competitive, and Efficient Financial System
The UBA initiates and supports the development of financial and banking infrastructure, improvements in the accessibility and quality of financial services, the strengthening of a competitive environment, and enhanced efficiency across the sector.
Data-Driven Research and Expert Analysis
The UBA conducts research, analysis, and statistical work on the banking system and financial markets to assess sectoral development trends, identify systemic challenges, and develop well-founded recommendations aimed at addressing them.
Strengthen the International Relations and Position of Armenia’s Banking System
The UBA develops cooperation with international banking and financial institutions, industry associations, and other partners, contributing to the exchange of international experience, the adoption of best practices, and the closer integration of Armenia’s banking system into the international financial environment.
Develop the Professional Capacity of the Banking Sector
The UBA supports the continuous education and professional development of banking professionals by organizing training courses, seminars, conferences, and professional discussions, while also expanding access to international education and professional certification programs.
Contribute to an Informed and Trusted Financial Environment
The UBA implements initiatives aimed at promoting financial literacy, raising public awareness, and strengthening trust in the banking system, contributing to the dissemination of professional, accessible, and evidence-based information about the financial sector.
To carry out other tasks arising from the common interests of the Union's members that do not contradict the legislation of the RA and this Statute
OUR VALUES
The General Meeting of the Union of Banks of Armenia is the supreme governing body of the UBA. The annual assembly of the Union is convened every year, no later than six months after the end of the respective financial year. An extraordinary assembly is convened by decision of the Council on its own initiative, or at the request of the Executive Director, the Audit Commission, the person performing the Union's audit, or at least 20 percent of the Union's members; at the latter's request, the extraordinary assembly is convened within 10 days of the request being submitted. The assembly is competent (has a quorum) if more than 50 percent of the Union's members participate. The assembly is chaired by the President of the Union, and in his absence, by the eldest member of the Council.
