Fast Credit

What Fast Credit does

Fast Credit, operating commercially as Fast Bank (Ֆասթ Բանկ), is a Yerevan-headquartered Armenian commercial bank structured as a Closed Joint Stock Company (CJSCO) and regulated by the Central Bank of Armenia. Established in 1994 and employing 251–500 staff, the bank delivers a full-service retail and corporate banking proposition to physical persons and legal entities in Armenia. Its product suite spans bank, escrow, and one-time accounts; deposits and bond investments; mortgage, collateral, and non-collateral loans; standard and premium Visa cards; domestic and international money transfers; 24/7 multi-currency exchange (USD, EUR, RUB, GBP, GEL, AED); investment services; insurance; safe deposit boxes; and a credit-score information service, with dedicated loan products such as TEMP Business Tour aimed at business growth. The underlying platform combines a physical branch network, an online banking web platform at online.fastbank.am, the Fast Bank Mobile iOS/Android application, and an ATM network, supported by mobile, online, and messaging touchpoints (Telegram, WhatsApp, Messenger).

Monetisation is primarily through interest income from mortgage, collateral, and unsecured consumer and business loans, augmented by transaction fees and commissions on accounts, cards, and transfers, deposit and bond product yields, currency exchange spread on six currencies, and ancillary fees for investment, insurance, and safe deposit box services. The bank holds ISO 37301:2021 (compliance management) and ISO/IEC 27001 (information security) certifications and a B+ Sustainability Alignment Rating, supporting both institutional credibility and ESG positioning. Distribution is sales-led through physical branches and digital self-service channels, marketed via an active social media and messaging presence. Recent material activity includes a March 2026 simultaneous dual-tranche USD-denominated bond placement, a $30 million financing facility to AI company Firebird AI in April 2026, a Visa card spring giveaway campaign, and self-reported 'high performance indicators' for the 2025 fiscal year.

Name

Fast Credit

Legal name

Fast Bank CJSCO

Website

https://fastcredit.am

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

251–500 employees

Short description

Fast Credit (operating as Fast Bank) is an Armenian commercial bank founded in 1994, providing retail and corporate banking services — including accounts, deposits, loans, cards, transfers, 24/7 multi-currency exchange, and mobile banking — to individual and business customers across Armenia.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Credit Card Issuing (522210), Credit Bureaus (561450)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Personal Credit Institutions (6141)

akta.pro primary industry

Credit Cards & Revolving Credit (FSABAAAC)

akta.pro secondary industries

Credit Score Monitoring & Credit Building (FSAGADAE), Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments) (FSAMAHAD), Open-Loop Prepaid Cards (Network-Branded) (FSAMANAA)

Keywords

• Retail banking services
• Consumer lending products
• Mortgage loan services
• Foreign currency exchange
• Mobile banking platform

Headquarters

HQ city

Yerevan

HQ country

Armenia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Loan Interest Income: Interest income from mortgage loans, collateral loans, and non-collateral loans provided to individual and business customers
2. Banking Fees and Commissions: Fees from bank accounts, escrow accounts, one-time accounts, card maintenance, and transaction processing
3. Deposit and Bond Products: Income from deposit products and bond investments offered to customers
4. Currency Exchange: Revenue from currency exchange spread on USD, EUR, RUB, GBP, GEL, AED transactions
5. Ancillary Financial Services: Fees from investment services, insurance products, safe deposit boxes (box), and other financial services

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Fast Credit (operating as Fast Bank) is an Armenian bank providing a comprehensive suite of retail and commercial banking products to individual and corporate customers. Core offerings include savings and escrow accounts, deposits, bonds, mortgage, collateral and non-collateral loans, standard and premium Visa payment cards, domestic and international money transfers, investment services, safe deposit boxes, insurance products, and 24/7 foreign currency exchange across USD, EUR, RUB, GBP, GEL, and AED. Services are delivered through a nationwide branch network, an online banking platform, a mobile banking application, and an ATM network.

Product overview

Fast Bank is a financial institution in Armenia offering a comprehensive suite of banking products organized into several categories: (1) Account services including bank accounts, escrow accounts, and one-time accounts; (2) Savings and investment products including deposits and bonds; (3) Lending products including mortgage loans, collateral loans, and non-collateral loans; (4) Card products including standard and premium Visa cards; (5) Transaction services including domestic and international transfers and 24/7 currency exchange for USD, EUR, RUB, GBP, GEL, and AED; (6) Digital banking through the Fast Bank Mobile app and online banking platform; and (7) Additional services including investment services, safe deposit boxes, insurance, and credit scoring. The bank serves both individual and business customers with a network of branches and ATMs across Armenia.

Differentiator

Problem solved

Functional benefit

Products and services

• Bank Account Standard bank account for individuals for managing daily finances, deposits, and withdrawals.
• Escrow Account Escrow account for secure transactions between parties, commonly used in real estate and business deals.
• One-time Account Temporary or one-time use account for specific financial transactions.
• Deposit Savings deposit product for individuals to earn interest on their savings.
• Bonds Bond investment products including government and corporate bonds for investors.
• Mortgage Loan Home mortgage loan product for purchasing real estate with property as collateral.
• Collateral Loan Secured loan product requiring collateral such as property or assets.
• Non-collateral Loan Unsecured loan product without collateral requirements for qualified borrowers.
• Standard Cards Standard debit and credit cards including the Visa Ak'nKart line for everyday banking and payments.
• Premium Cards Premium and exclusive card products with enhanced benefits and privileges.
• Transfers Domestic and international money transfer services.
• Fast Bank Mobile Mobile banking application for iOS and Android enabling account management, payments, transfers, card services, and 24/7 currency exchange.
• Investment Services Investment advisory and brokerage services for securities and portfolio management.
• Safe Deposit Box Secure safe deposit box services for storing valuable items and documents.
• Insurance Insurance products and services including life, property, and health insurance.
• Currency Exchange Foreign currency exchange services for multiple currencies including USD, EUR, RUB, GBP, GEL, AED available 24/7.
• Credit Score / Credit Report Credit history and scoring services for individuals to track and manage their creditworthiness.
• TEMP Business Tour Special business loan product designed to support business development and growth for corporate customers.

Quantifiable outcome

• 24/7 currency exchange availability across multiple currencies
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Ardshinbank: Top-tier Armenian universal bank with similar retail, SME, and corporate lending products, plus card and FX services — same regulatory regime and customer base as Fast Bank.
• Unibank: Armenian commercial bank serving retail and SME customers with loans, deposits, cards, and digital channels — directly comparable mid-tier competitor.
• Converse Bank: Armenian commercial bank offering deposits, consumer and mortgage loans, cards, and digital banking — competes head-to-head in the same mid-tier retail and SME segments.
• ACBA Bank: Armenian universal bank providing agricultural, consumer, and SME lending alongside cards and FX — comparable in scale and product breadth to Fast Bank.
• Ameriabank: Largest Armenian commercial bank offering retail and corporate banking, loans, cards, and digital services — directly comparable in product mix and Armenian-market focus.
• IDBank: Armenian universal bank offering retail, SME, and corporate banking with growing digital platform — competes in same segments with similar product suite.
• VTB Bank Armenia: Russian-owned Armenian subsidiary offering full retail and corporate banking including cards, loans, and FX — directly competes in the same Armenian market segments.
• Armeconombank: One of Armenia's largest banks providing full retail and corporate banking services, cards, and FX — comparable in regulated environment and customer base.

Regional players

• Bank of Georgia: Largest Georgian bank offering comprehensive retail, corporate, and investment banking — provides a regional scale and product-suite reference point.
• TBC Bank: Leading Georgian bank with full retail, SME, and corporate banking and digital leadership — useful regional benchmark for Caucasus banking growth and digital strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCPqs_eHGuLvlkqH7p1TMkWA
• Facebookfacebook.com/fastbank.am
• LinkedInlinkedin.com/company/fast-credit-capital-uco-cjsc
• Instagraminstagram.com/fast_bank_official/?igshid=YmMyMTA2M2Y%3D

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Fast Credit