Central Bank of Armenia

Central Bankingcba.am

The Central Bank of Armenia (CBA) is the country's national monetary authority and financial regulator, founded 1993 in Yerevan, responsible for monetary policy, dram issuance, payment system operations, international reserve management, and supervision of banks, payment providers, and crypto asset service providers.

Company typePrivate
Founded1993
HeadquartersYerevan, Armenia
Headcount501–1,000
GTM typeB2B
OfferingServices

What Central Bank of Armenia does

The Central Bank of the Republic of Armenia (CBA), headquartered in Yerevan and founded in 1993, is Armenia's national monetary authority and financial regulator, operating as a state-owned public institution under the laws of the Republic of Armenia. It functions as a unified platform of institutional services rather than commercial products, anchored by nine core mandates: regulatory and supervisory oversight of banks, credit organizations, and payment service providers; monetary policy implementation through policy rate decisions, refinancing operations, and liquidity management aimed at maintaining price stability around a 3% inflation target; operation of national payment and settlement infrastructure; issuance and management of the Armenian dram and commemorative coins; management of international foreign currency and gold reserves; consumer rights protection in the financial sector; anti-money laundering and counter-terrorism financing supervision; and publication of national monetary, financial, and external sector statistics. As of mid-2026 the policy rate stood at 6.5%, with 12-month inflation at 4.2% (May 2026), a Loans/GDP gap of 3.2% (Q4 2025), and a 1.75% countercyclical capital buffer.

Underlying technological infrastructure encompasses monetary policy frameworks, payment and settlement systems, and financial system regulation tooling, with the institution maintaining a dedicated public-facing platform at cba.am that publishes exchange rates, statistical bulletins, monetary policy reports, and regulatory lists. Following the entry into force of Armenia's Law on Crypto Assets on 4 July 2025, CBA assumed new statutory responsibility for licensing and supervising crypto asset service providers, extending its regulatory perimeter into digital asset markets. The institution is funded through seigniorage and returns on official reserves rather than commercial revenue, with 501-1,000 employees supporting nationwide operations.

CBA's external engagement is anchored in multilateral partnerships, most notably an IMF Stand-By Arrangement of SDR 128.8 million (approximately $175 million) approved in December 2025, alongside relationships with the World Bank, the Asian Development Bank, the European Investment Bank (€100 million MSME facility in November 2025), and the Black Sea Trade and Development Bank. Governance rests on a Board headed by Governor Martin Galstyan (unanimously re-elected for a further term), with Deputy Governors Armen Nurbekyan and Hovhannes Khachtryan and Board members including Davit Nahapetyan who also serves as Armenia's director at BSTDB. The CBA's customer base spans commercial banks and financial institutions, the government and public sector, and the general public, with its services functioning as a regulatory backbone rather than as discretionary commercial offerings.

Central Bank of Armenia firmographics

Firmographics

Name: Central Bank of Armenia
Legal name: Central Bank of the Republic of Armenia
Website: https://cba.am
Company type: Private
Founded year: 1993
Operating status: Operating
Headcount range: 501–1,000 employees
Short description: The Central Bank of Armenia (CBA) is the country's national monetary authority and financial regulator, founded 1993 in Yerevan, responsible for monetary policy, dram issuance, payment system operations, international reserve management, and supervision of banks, payment providers, and crypto asset service providers.
Ownership category
akta.pro rank

Central Bank of Armenia industry classification

Industry

Product category: Central Banking
NAICS: Monetary Authorities-Central Bank (52111), Public Finance Activities (921130), Executive, Legislative, and Other General Government Support (921)
SIC: Federal & Federally-Sponsored Credit Agencies (6111), Finance Services (6199), International Affairs (9721)
akta.pro primary industry: Central Bank Reserve Management (FSAAAGAF)
akta.pro secondary industries: Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK), International Monetary & Financial Stability Institutions (BPADACAE), Treasury & Cash Management (BPAIAEAB)

Keywords

Monetary policy
Financial regulation supervision
Payment settlement systems
Currency management
International reserves management

Where Central Bank of Armenia is headquartered

Location

Headquarters

HQ city: Yerevan
HQ country: Armenia
HQ region: Asia

Offices1 record

Markets served

Central Bank of Armenia business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Infrastructure

Marketing channels1 record

Central Bank of Armenia product offering

Product offering

Core offering

The Central Bank of the Republic of Armenia is the nation's central bank, responsible for implementing monetary policy, maintaining price and financial system stability, regulating and supervising financial institutions, operating national payment and settlement systems, managing currency circulation and international reserves.

Product overview

The Central Bank of Armenia operates as the country's monetary authority and financial regulator, providing a unified platform of institutional services rather than commercial products. Its core offerings include monetary policy implementation (policy rate decisions, refinancing), financial system regulation and supervision, payment and settlement system operations, money circulation management, international reserves management, and commemorative coin issuance. Supporting services encompass consumer rights protection, anti-money laundering oversight, and statistical data dissemination. All services function within the regulatory framework of the Republic of Armenia rather than as market-facing commercial offerings.

Differentiator

Problem solved

Functional benefit

Products and services

Regulatory and Supervisory Services Banking sector regulation and supervision services for licensed financial institutions including banks, credit organizations, and payment service providers.
Monetary Policy Services Implementation of monetary policy including policy rate decisions, refinancing operations, and liquidity management to maintain price stability.
Payment and Settlement Systems Operation and oversight of national payment infrastructure and settlement systems for financial transactions.
Money Circulation Services Issuance and management of national currency, including production, distribution, and withdrawal of banknotes and coins from circulation.
International Reserves Management Management of Armenia's foreign currency reserves and gold holdings to ensure external stability and confidence in the economy.
Collector Coins Issuance of commemorative and collector coins including silver, gold, and bi-metallic editions celebrating national events, historical figures, and cultural themes.
Consumer Rights Protection Protection of consumer rights in the financial sector including handling complaints, mediation services, and financial literacy initiatives.
Anti-Money Laundering Services Combating money laundering and terrorism financing through monitoring, regulation, and cooperation with relevant authorities.
Statistical Data Services Collection and publication of financial, economic, and monetary statistics for Armenia including balance of payments, international investment position, and external debt data.

Companies that use Central Bank of Armenia

Customer profile

Segments3 records

Ideal customer profiles3 records

Central Bank of Armenia technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Central Bank of Armenia partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Central Bank of Armenia competitors and assessment

Company assessment

Others

Bank for International Settlements: The central-bank-owned international forum that hosts Basel-based committees and produces standards CBA implements. Not a competitor but a directly relevant institutional counterparty for regulatory and supervisory alignment.

Direct peers

Bank of Israel: Central bank of a small, advanced open economy with active inflation targeting, sizable FX reserves, and a sophisticated payments system — useful as a small-country operational benchmark.
National Bank of Kazakhstan: Central bank of Kazakhstan, a larger post-Soviet emerging market with a managed-float exchange rate, inflation targeting, and significant international reserves — directly comparable institutional design.
National Bank of Moldova: Central bank of a small Eastern European emerging economy with inflation-targeting, EU-oriented reforms, and IMF engagement — directly comparable institutional and economic profile.
Central Bank of the Republic of Azerbaijan: National central bank of Azerbaijan, another Caucasus economy of comparable size. Manages manat policy, oil-related reserves, and a bank-supervisory framework analogous to CBA's.
National Bank of the Kyrgyz Republic: Central bank of a small post-Soviet EAEU member economy. Comparable in size, openness, and reliance on remittances, with a similar monetary policy and reserve-management toolkit.
National Bank of Belarus: Post-Soviet central bank operating in a transitional economy with managed exchange-rate policy and significant external dependencies. Comparable institutional structure and EAEU/CIS policy alignment.
National Bank of Georgia: The central bank of Georgia, Armenia's immediate Caucasus neighbour. Operates an inflation-targeting regime, supervises a small open banking system, and manages international reserves — directly comparable mandate and scale.
National Bank of Ukraine: Central bank of a neighbouring emerging economy with inflation targeting, FX intervention, and intensive IMF programme engagement — directly comparable policy toolkit under stress conditions.

Broad incumbents

Central Bank of the Republic of Türkiye: A much larger regional central bank that nevertheless serves as a benchmark for emerging-market monetary policy in the broader region; shares regional capital-flow and geopolitical exposures with CBA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Central Bank of Armenia financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Central Bank of Armenia leadership team

Management profile

Number of profiles

Profiles8 records

Central Bank of Armenia funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Central Bank of Armenia M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Central Bank of Armenia

What does Central Bank of Armenia do?

Is Central Bank of Armenia a public or private company?

Central Bank of Armenia is a private company. It is classified as state government owned and is currently operating.

When was Central Bank of Armenia founded?

Central Bank of Armenia was founded in 1993. It employs 501 to 1,000 people.

Where is Central Bank of Armenia based?

Central Bank of Armenia is headquartered in Yerevan, Armenia, in the Asia region.

Who are Central Bank of Armenia's main competitors?

Bank for International Settlements is listed as an others. Direct peers are Bank of Israel, National Bank of Kazakhstan, National Bank of Moldova, Central Bank of the Republic of Azerbaijan, National Bank of the Kyrgyz Republic, National Bank of Belarus, National Bank of Georgia and National Bank of Ukraine. Central Bank of the Republic of Türkiye is listed as a broad incumbent.

Does Central Bank of Armenia have an API?

No public API is recorded for Central Bank of Armenia.

What industry is Central Bank of Armenia in?

Central Bank of Armenia's product category is Central Banking. Its primary akta.pro industry code is FSAAAGAF, Central Bank Reserve Management, with a secondary code of BPAIAOAK, Financial Services Regulators (Banking, Securities, Insurance). Its NAICS code is 52111 and its SIC code is 6111.