Fast Bank
Fast Bank is a digital-first Armenian commercial bank serving ~260,000 retail and SMB customers through 39 branches, a mobile app, and online banking, offering deposits, loans, cards, bonds, and investment services across all regions of Armenia.
- Company typePrivate
- Founded1994
- HeadquartersYerevan, Armenia
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Fast Bank does
Fast Bank (Ֆասթ Բանկ ՓԲԸ / Fast Bank CJSC) is a privately held Armenian commercial bank founded in 1994 and headquartered in Yerevan, regulated by the Central Bank of Armenia and operating as a closed joint-stock company. It pursues a digital-first, full-service retail and corporate banking model, serving individuals and small-to-medium businesses across Yerevan and all regions of Armenia. As of end-2025 it reported approximately 260,000 active customers, 1,367 employees, and a network of 39 physical branches complemented by a mobile application (Fast Bank Mobile) and an online banking platform.
The bank's product surface spans accounts and deposits, consumer and corporate loans, mortgages, financial leasing, Visa/Mastercard/ArCa card products (standard and premium tiers such as the Visa Gold), TEMP business term loans (AMD 2M–10M or USD 5K–25K, 12–60 month terms), USD- and AMD-denominated discount bonds, currency exchange, POS terminals, safe deposit boxes, insurance, and investment services. Its core technology is a mobile-first digital banking platform enabling 24/7 remote account management, card issuance, transfers, and bond purchases without branch visits; the bank reported issuing 100,000+ cards and a 10x increase in online transactions in 2025.
Revenue mechanics are those of a balance-sheet lender: the majority of income derives from interest on a AMD 341 billion credit portfolio (38% consumer, 30% corporate, 24% mortgages, 8% leasing) and a AMD 29 billion securities portfolio, supplemented by non-interest fee and commission income from card issuance, transaction processing, FX, and account services. The bank funds itself through a AMD 248 billion deposit base and capital-markets bond issuance (USD tranches at 6%–6.25% and AMD bonds at 10.75%, tax-exempt through end-2027). For 2025 it reported total assets of AMD 423 billion (+52% YoY), AMD 8 billion profit, and AMD 84 billion capital.
Fast Bank firmographics
Firmographics- Name
- Fast Bank
- Legal name
- Ֆասթ Բանկ ՓԲԸ (Fast Bank CJSC)
- Website
- https://fastbank.am
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Fast Bank is a digital-first Armenian commercial bank serving ~260,000 retail and SMB customers through 39 branches, a mobile app, and online banking, offering deposits, loans, cards, bonds, and investment services across all regions of Armenia.
- Ownership category
- akta.pro rank
Fast Bank industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Commercial Banking (52211)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Cash Access & Cardless ATM Withdrawal Services (FSAMAOAJ)
Keywords
Where Fast Bank is headquartered
LocationHeadquarters
- HQ city
- Yerevan
- HQ country
- Armenia
- HQ region
- Asia
Offices2 records
Markets served
Fast Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Interest Income: Fast Bank generates the majority of its revenue from interest income on its loan portfolio (AMD 341 billion credit portfolio in 2025), including consumer loans, corporate loans, mortgages, and financial leasing. The bank also earns interest income on its securities/bonds portfolio (AMD 29 billion bonds outstanding, +109% YoY).
- Bond Issuance and Securities: Fast Bank raises capital through issuance of USD-denominated discount bonds in two tranches (5M USD at 6% annual yield/24-month maturity and 3M USD at 6.25% annual yield/48-month maturity), and AMD-denominated bonds at 10.75% annual yield. Interest income on bonds is tax-exempt until end-2027.
- Non-Interest Income: Fees and commissions from card issuance (100K+ cards issued in 2025), transaction processing, account services, foreign exchange operations, and mobile/online banking services. The bank reported 10x growth in online transactions in 2025.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | TEMP Business Loan: 13.4%-14% annual nominal rate, AMD 2M-10M or USD 5K-25K, 12-60 month terms |
| Subscription | Annual | Visa Gold: AMD 4,000 annual service fee |
| One time/ perpetual license | Pay-as-you-go | USD Bonds Tranche 1: 5M USD at 6% annual yield, 24-month maturity; USD Bonds Tranche 2: 3M USD at 6.25%, 48-month maturity |
| One time/ perpetual license | Pay-as-you-go | AMD Bonds: 10.75% annual yield, tax-exempt until 2027 |
Distribution channels4 records
Marketing channels4 records
Fast Bank product offering
Product offeringCore offering
Fast Bank is an Armenian digital-first commercial bank providing retail and business banking services — accounts, deposits, consumer and corporate loans, mortgages, payment cards (Visa, Mastercard, ArCa), USD/AMD bonds, currency exchange, POS terminals, insurance, safe deposit boxes, and investment services. It delivers these through 39 physical branches, the Fast Bank Mobile app, an online banking platform, and a 24/7 contact center, serving 260,000 active customers across Yerevan and all regions of Armenia.
Product overview
Fast Bank is a digital-first Armenian bank offering a unified platform for retail and business customers. The core offering comprises individual and business banking (accounts, deposits, loans, cards, transfers), with specialized sub-products including TEMP business loans, Visa/Mastercard card products across standard and premium tiers, USD-denominated bonds, mobile banking, and online banking. These products and services are delivered through 39 branches, a mobile application, online banking, and a contact center, all under a single banking license.
Differentiator
Problem solved
Functional benefit
Products and services
- TEMP Business Loan Term loan product for Armenian small and medium enterprises (sole proprietors and legal entities) used for working capital financing, investment financing, loan refinancing, and acquisition of fixed assets. Annual nominal rates of 13.4% (AMD) or 14% (USD), maximum amounts of 10,000,000 AMD or 25,000 USD, and 12–60 month terms. No early repayment fee.
- Visa Gold Card Premium Visa card product for individual customers with multi-currency support (AMD, USD, EUR, RUB), 0.1–4% positive balance interest, AMD 4,000 annual fee, free contactless payments, and cashback rewards via the Fast Bank Mobile app.
- USD Discount Bonds USD-denominated discount bond product with 100 USD nominal value, available for purchase through the Fast Bank Mobile app, online banking, and 39 branches. Income is tax-exempt until 31 December 2027.
- AMD Discount Bonds AMD-denominated discount bonds with a 10.75% annual yield and 100,000 AMD par value, available for individual customers. Income is tax-exempt until 31 December 2027.
- Retail Banking Accounts (Bank, Escrow, One-Time) Retail account products for individual customers including standard bank accounts, escrow accounts, and one-time accounts, available through branches and the Fast Bank Mobile app.
- Mortgage Loans Mortgage lending product for individual customers purchasing residential real estate in Armenia, forming 24% of Fast Bank's credit portfolio.
- Collateralized Consumer Loans Collateral-backed consumer loans for individual customers, available alongside non-collateral loans and mortgages.
- Non-Collateral Consumer Loans Unsecured consumer loans for individual customers, part of the bank's 38% consumer-loan share of its 341 billion AMD credit portfolio.
- Retail Deposits Term and savings deposit products for individual customers, supporting Fast Bank's 248 billion AMD deposit portfolio (up 68% YoY in 2025).
- Currency Exchange Services Foreign currency buy/sell service covering USD, EUR, RUB, GBP, GEL, and AED, available 24/7 across branches with the 'Zvartnots' branch offering unique exchange rates.
- Investment Services Investment services for individual and business customers offered alongside bond and deposit products.
- Safe Deposit Boxes Safe deposit box rental service for retail and business customers to securely store valuables.
- Insurance Services Insurance products distributed by Fast Bank to retail and business customers.
Quantifiable outcome
- 10x increase in online transactions year-over-year (2025)
- +3 more outcomes
Companies that use Fast Bank
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Fast Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Fast Bank partnerships and signals
Strategic signalScale indicators9 records
Recent moves5 records
Expansion highlights5 records
Fast Bank competitors and assessment
Company assessmentDirect peers
- Ameriabank: Largest Armenian commercial bank offering full retail, corporate, and investment banking. Directly comparable to Fast Bank across deposit, lending, and digital-banking products, but with significantly greater scale.
- Ardshinbank: Top-three Armenian commercial bank with nationwide branch coverage, retail and corporate lending, and Visa/Mastercard card issuance. A co-lender with Fast Bank in the Firebird AI syndicated deal and a direct competitor in mass-market banking.
- ACBA Bank: Large Armenian commercial bank historically focused on agricultural and SME lending, now a universal retail/corporate bank. Co-lender with Fast Bank in the Firebird AI syndicate; directly comparable in target customer segments.
- Evocabank: Armenian universal bank providing retail deposits, consumer loans, mortgages, and Visa card products. Co-lender alongside Fast Bank in the Firebird AI syndicated loan, operating in the same customer segments.
- Converse Bank: Mid-sized Armenian commercial bank offering retail and corporate banking, including digital channels and card products. Comparable to Fast Bank in product breadth and Armenian-market positioning.
- Armeconombank: One of Armenia's established commercial banks with broad retail and corporate banking services, including deposits, lending, and payment cards. Directly comparable peer for retail-deposit and consumer-loan products.
- Inecobank: Armenian universal bank serving retail and SME customers with deposits, loans, and card products. Operates in similar customer segments as Fast Bank across the Armenian market.
- ArmSwissBank: Armenian commercial bank offering retail and corporate banking, trade finance, and card services. Comparable domestic peer for deposit-taking and consumer lending in the same Armenian geography.
Broad incumbents
- VTB Bank Armenia: Russian-owned Armenian subsidiary of VTB Group providing universal retail and corporate banking. Operates in the same market with a broader international group backing — broader incumbent with overlapping but larger-scale offerings.
Emerging players
- TBC Bank (Georgia): Leading digital-first bank in neighboring Georgia serving retail and SMB customers with a mobile-led platform. Relevant adjacent peer illustrating the digital-banking playbook Fast Bank is executing in Armenia, with similar scale and product mix.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Fast Bank social profiles
Digital presenceFast Bank compliance and trust
Trust signalCompliance2 records
Fast Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fast Bank leadership team
Management profileNumber of profiles
Profiles1 record
Fast Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fast Bank M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fast Bank
What does Fast Bank do?
Fast Bank is an Armenian digital-first commercial bank providing retail and business banking services — accounts, deposits, consumer and corporate loans, mortgages, payment cards (Visa, Mastercard, ArCa), USD/AMD bonds, currency exchange, POS terminals, insurance, safe deposit boxes, and investment services. It delivers these through 39 physical branches, the Fast Bank Mobile app, an online banking platform, and a 24/7 contact center, serving 260,000 active customers across Yerevan and all regions of Armenia.
Is Fast Bank a public or private company?
Fast Bank is a private company. It is classified as unknown and is currently operating.
When was Fast Bank founded?
Fast Bank was founded in 1994. It employs 501 to 1,000 people.
Where is Fast Bank based?
Fast Bank is headquartered in Yerevan, Armenia, in the Asia region.
How does Fast Bank make money?
Three revenue lines are on record. Interest Income is the primary driver. The others are bond Issuance and Securities and non-Interest Income.
Who are Fast Bank's main competitors?
Direct peers on record are Ameriabank, Ardshinbank, ACBA Bank, Evocabank, Converse Bank, Armeconombank, Inecobank and ArmSwissBank. VTB Bank Armenia is listed as a broad incumbent. TBC Bank (Georgia) is listed as an emerging player.
Does Fast Bank have an API?
No public API is recorded for Fast Bank.
What industry is Fast Bank in?
Fast Bank's product category is Commercial Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks). Its NAICS code is 52211 and its SIC code is 6021.