Yerevan
Tbilisi
Moscow
Paris
Los Angeles
Beijing
English
Հայերեն Русский
Main Timeline Video Share
May the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes Beneficiaries of the "By Your Side" program at IDBank AraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to Schools Big Christmas Market with Idram, IDBank and idplus Ucom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas Market Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board Ucom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten
Timeline
Arega Hovsepyan is our candidate for Chair of the Committee on European IntegrationThe Final Round of the Junius Tournament Has BegunAwards Ceremony for the “Top 100 Students of Armenia” Competition: Presentation of CertificatesNew Samsung Galaxy A27 as Part of Ucom’s Special “Back to School 2026” OfferMillennials, Gen Z, or Gen Alpha: How Different Generations Prepare for the New School Year: Idram&IDBankFinancial Literacy at the Republican Center for Children and Youth Tent Camp: Idram & IDBankUnlocking the Secrets of the Financial World at ''Hayordi'' Camp with Idram&IDBankUcom Supports the Second Phase of ArmDrone’s FPV Drone Educational Program "The Power of One Dram" to "Orran" Charitable Non-Governmental OrganizationUcom and Microsoft Innovation Center’s Cybersecurity Education Program Concludes with a Mini CTF CompetitionCustomer Appreciation Day - This Time at IDBank’s “Erebuni” BranchResults of the Junius Tournament Announced: The Next Round AheadUcom Expands International Roaming Capabilities"Urgently Confirm Your Card Details": IDBank Warns of Hotel Booking ScamsMher Ananyan joins Unibank's Management Board Ucom Supports the Launch of "Remember the Animals" Educational Game Moody’s changes the outlook on IDBank’s ratings to positive IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch CampaignConverse Bank and Visa expand their strategic partnership to introduce new customer solutions Ucom and FPWC Ensure Round-the-Clock Wildlife Monitoring in Gnishik Through Solar Energy
All Timeline »
Society

IDBank Goes International: Mher Abrahamyan's Interview with the Los Angeles Times

The prestigious American publication Los Angeles Times has spotlighted Armenia’s IDBank, highlighting the bank’s rapid growth, its successful digital transformation, and a new phase of international expansion. 

The publication notes that in recent years Armenia has increasingly attracted the attention of international investors, while the country’s banking sector is widely regarded as a key pillar of stability and trust. In this context, IDBank has drawn particular attention as one of the leaders in technological solutions and financial innovation. 

“ We see growing interest from both local and international investors, who are encouraged by the prospects of long-term stability and new economic opportunities,” said Mher Abrahamyan, Chairman of the Management Board of IDBank, in an interview with the Los Angeles Times, also highlighting the bank’s rapid growth and its development strategy.

One of the key milestones in IDBank’s international expansion has been its entry into the United States. The bank has received authorization to open a representative office in the country, which has already began operations in Glendale – at the heart of one of the world’s largest Armenian communities. 

Los Angeles Times states that the representative office could become an important financial bridge between Armenia and the diaspora, strengthening the country’s ties with international markets. The U.S. based office will represent IDBank’s services making it easier for individuals to take advantage of the bank’s offerings – for example, to open accounts remotely, purchase real estate in Armenia, or access other financial services.  

The article also places special emphasis on the bank’s digital strategy. According to Mher Abrahamyan, digital accessibility has been a key factor behind IDBank’s success: “Armenian citizens, even those living abroad, can become the bank’s customers entirely online.”

In recent years, IDBank has made significant investments in technology, digital platforms and the development of human resources, choosing an organic growth model. As a result, the number of the bank's active customers has grown from 10.000 to 400.000 in just five to six years. 

Today, IDBank is not only a successful banking brand in Armenia, but also an example of how a financial institution built on technology and innovation can step onto the international stage and strengthen Armenia's connection to the global financial system.

THE BANK IS SUPERVISED BY THE CENTRAL BANK OF THE REPUBLIC OF ARMENIA.