INVESTOR
PRESENTATION
PRESENTATION
2025 Q3
HISTORY
1990–1991:
Foundation & Licensing
Foundation & Licensing
Established in 1990 as Prometey Bank, Armenia’s first commercial bank.
Licensed by the Central Bank of Armenia in 1991 (License No. 27).
Licensed by the Central Bank of Armenia in 1991 (License No. 27).
2017–2020:
Rebranding & Digital Focus
Rebranding & Digital Focus
2017: Rebranded to Evocabank, joined Visa International.
2018–2020: Named Best Digital Bank in Armenia for 3 consecutive years.
2020: Joined World Bank, EIB and KfW loan programs; capital replenished by AMD 2.05 billion.
2018–2020: Named Best Digital Bank in Armenia for 3 consecutive years.
2020: Joined World Bank, EIB and KfW loan programs; capital replenished by AMD 2.05 billion.
2000–2006:
System Integration & Expansion
System Integration & Expansion
Joined SWIFT (2000), ArCa (2005), and MasterCard Europe (2006).
2021–2022:
Capital Raising & Partnerships
Capital Raising & Partnerships
Issued bonds in AMD and USD, capital replenished by AMD 3 billion.
Raised capital from IFC, Symbiotics, and others.
Completed DigiLab Finance program with IFC & Accenture.
Raised capital from IFC, Symbiotics, and others.
Completed DigiLab Finance program with IFC & Accenture.
2025:
Recent Expansion & Recognition
Recent Expansion & Recognition
Opened 2 new branches in Yerevan.
Became an EBRD and an IFC TF partner bank in Armenia.
Won Most Innovative Digital Bank and Best Mobile Banking awards.
Converted from CJSC to OJSC.
Became an EBRD and an IFC TF partner bank in Armenia.
Won Most Innovative Digital Bank and Best Mobile Banking awards.
Converted from CJSC to OJSC.
2008–2016:
Innovation & Growth
Innovation & Growth
2008: First in Armenia to issue non-documentary bonds internationally.
2015: Launched mobile app on App Store and Google Play.
2016: Capital exceeded CBA minimum; converted from LLC to CJSC.
2015: Launched mobile app on App Store and Google Play.
2016: Capital exceeded CBA minimum; converted from LLC to CJSC.
2023–2024:
Strong Ratings & Financial Growth
Strong Ratings & Financial Growth
Fitch Ratings: Upgraded from ‘B’ (2023) to ‘B+’ with Stable Outlook (2024).
Raised significant funding from EIB, OFID, responsAbility, Symbiotics, and BSTDB.
Raised significant funding from EIB, OFID, responsAbility, Symbiotics, and BSTDB.
INTERNATIONAL FINANCIAL PARTNERS
The bank’s vision and mission
To be the most innovative and progressive financial institution in Armenia, with services available online, without visiting the Bank.
Vision
Mission
To deliver financial services with extensive application of the latest technologies in the fast, simple and convenient way, operating in a mobile-first format.
years of experience
Evocabank is the first registered commercial bank in Armenia with over 34 years of experience in the banking market. The stability and the reliability of the bank allowed it to constantly meet the increasingly strict regulatory environment and to successfully overcome more than one crisis in the banking market.
Today Evocabank boasts a client service of high international standards, effective and reliable management and strategic focus on the development of new technologies.
Today Evocabank boasts a client service of high international standards, effective and reliable management and strategic focus on the development of new technologies.
CORPORATE VALUES
Honesty
We build honest relationships with everyone
Comfort
We strive to improve the life standards of our customers making them more comfortable
We have formed the best team to ensure the best services for our customers
Team Spirit
Reliabilty
We are stable and reliable for both our customers and partners
Innovativeness
We are continuously introducing and applying innovations to offer the best solutions of the latest technologies to our customers
Transparency
We are open and transparent with the public, while maintaining strict confidentiality regarding our clients' banking information and trade secrets.
Bussines Image
Impeccable reputation is the most valuable and irreplaceable asset for the Bank
Customer Confidence
We place customers at the center of our activities, we appreciate and take care of our customers’ trust
SHAREHOLDER
MARETA GEVORKYAN
Mareta Gevorkyan is the sole owner of 100% of Evocabank’s shares.
Born in Dilijan, Armenia, she graduated from Dilijan High School and then Yerevan State Pedagogical Academy.
Residing in Switzerland since 2008, she is actively engaged in banking, regional development, and social initiatives contributing to the sustainable development of Armenia.
Born in Dilijan, Armenia, she graduated from Dilijan High School and then Yerevan State Pedagogical Academy.
Residing in Switzerland since 2008, she is actively engaged in banking, regional development, and social initiatives contributing to the sustainable development of Armenia.
SUPERVISORY BOARD
VAZGEN GEVORKYAN,
MBA, PhD
MBA, PhD
Member of Supervisory Board
VAROUJAN AVEDIKIAN,
LL.M., MPA
LL.M., MPA
Chairman of Supervisory Board
MARINA BOUKI,
MBA
MBA
Member of Supervisory Board
JOSE M. MORENO DE
BARREDA, LL.M, MBA, PhD
BARREDA, LL.M, MBA, PhD
Member of Supervisory Board
MARTA ECHARRI
Member of Supervisory Board
PIERRE CAZILHAC,
MBA
MBA
Member of Supervisory Board
TATEVIK JANOYAN, MBA
Member of Supervisory Board
MANAGEMENT BOARD
KAREN YEGHIAZARYAN,
MBA, PhD
MBA, PhD
Chairman of MB
ARMEN HAKOBYAN, PhD
First Deputy Chairman of MB
TATEVIK KHACHATRYAN
MBA, PMP
MBA, PMP
Deputy Chairman of MB
EMMA JANINYAN,
MBA, PHD, FCCA
MBA, PHD, FCCA
Member of MB, Chief Accountant
SMBAT MARTIROSYAN
Member of MB, Head of
Legal Department
Legal Department
HAYK PETROSYAN
Deputy Chairman of MB
MHER SAHAKYAN
Member of MB, Head of
Programming and Operating systems Department
Programming and Operating systems Department
LILIT GABOYAN, MBA
Deputy Chairman of MB,
CFO
CFO
ACHIEVEMENTS AFTER
REBRANDING
REBRANDING
Issued Cards
30.09.2025
Total ArCa, MasterCard and Visa cards issued
147,857
Number of issued cards
Number of POS/vPOS
Clients
Legal entitles
Individuals
Total
31.12.22
7,276
117,004
120,311
128,758
149,662
175,159
165,739
140,649
9,013
9,420
8,447
124,280
31.12.23
31.12.24
30.09.25
POS/vPOS
30.09.2025
POS
vPOS
vPOS
4,014
436
436
New image of the Bank led to significant positive outcomes for the Bank’s operations. It increased the brand recognition and popularity of the Bank among potential clients.
Evocabank aims to work primarly through digital channels: Online Banking & Mobile Apps
Mobile banking application for individuals and corporate clients.
EvocaTOUCH
EvocaINVEST
EvocaINVEST enables bank customers to invest in stocks, equities, bonds, and ETFs in financial markets across more than 20 countries.
With EvocaINVEST, there’s no need to visit the Bank, as the service is accessible through both the website and mobile apps, available on the App Store and Google Play.
With EvocaINVEST, there’s no need to visit the Bank, as the service is accessible through both the website and mobile apps, available on the App Store and Google Play.
EvocaONLINE
Internet banking system for both individuals and corporate clients. The Bank makes digital security in online channels its top priority.
MANAGE YOUR BANK ACCOUNT REMOTELY WITHOUT VISITING THE BANK VIA EVOCATOUCH
Transfer money to accounts and cards of both
Armenian and foreign banks, make wire
transfers and payments, make utilities payments.
Armenian and foreign banks, make wire
transfers and payments, make utilities payments.
Manage products, for example get a loan and make repayments, place a deposit and replenish it.
Access your finances 24/7, control your cash,
make fast and secure transactions from any
corner of the globe, at any time of the day.
make fast and secure transactions from any
corner of the globe, at any time of the day.
Open bank accounts, order cards or open a
digital card in a few seconds.
digital card in a few seconds.
Receive online driving fines and make payments with a single touch.
Make money transfers using contact data.
DIGITAL CHANNELS
GET INFORMATION
MAKE TRANSACTIONS
OTHER FEATURES
About accounts, payment cards, loans, deposits, account statements.
Transfers in Armenia and internationally, currency exchange, loan repayment, opening and replenishment of deposits, payments of
utility bills, budget payments get a credit card payment of property tax, cancellation of documents.
utility bills, budget payments get a credit card payment of property tax, cancellation of documents.
Send and receive letters in an arbitrary form with attached files, import data from an XML file, create document templates.
16 BRANCHES (INCL. HEAD OFFICE) &
96 ATMS ACROSS ARMENIA
96 ATMS ACROSS ARMENIA
OFFLINE CHANNELS
BRANCH AND ATMS NETWORK
Lori
1 branch, 2 ATMs
1 branch, 2 ATMs
Shirak
1 branch, 2 ATMs
1 branch, 2 ATMs
Kotayk
1 branch, 2 ATMs
1 branch, 2 ATMs
Ararat
2 ATMs
2 ATMs
Armavir
3 ATMs
3 ATMs
Yerevan
13 branches, 85 ATMs
13 branches, 85 ATMs
AWARDS
THE BEST DIGITAL BANK IN ARMENIA
For the 4th consecutive year Evocabank is announced the Best Digital Bank in Armenia by Global Banking & Finance Awards.
EXCELLENCE IN NEW PRODUCTS DEVELOPMENT
Evocabank received an award from our
Partner, Visa. Throughout 2024, Evocabank introduced new projects and collaborations, offering its customers cutting-edge tools and innovative products.
Partner, Visa. Throughout 2024, Evocabank introduced new projects and collaborations, offering its customers cutting-edge tools and innovative products.
MOBILE APPTHE BEST
INNOVATIVE MOBILE APP
INNOVATIVE MOBILE APP
EvocaTOUCH was named the Best
Innovative Mobile Banking App by Armenia Digital Awards 2024.
Innovative Mobile Banking App by Armenia Digital Awards 2024.
THE BEST SME BANK IN ARMENIA
Evocabank was named as the Best SME Bank 2025 in Armenia
by Global Finance
by Global Finance
THE HIGHEST CASHLESS
RATIO ACHIEVMENT
RATIO ACHIEVMENT
At the Visa Cashless Forum 2024,
Evocabank was honored with the
'Highest Cashless Ratio Achievement'
award.
Evocabank was honored with the
'Highest Cashless Ratio Achievement'
award.
THE MOST INNOVATIVE DIGITAL BANK IN ARMENIA
Evoca is recognized by Global Business & Finance Magazine as the most innovative digital bank in Armenia
THE BEST DIGITAL BANK IN ARMENIA
Evocabank was named The Best Digital Bank in Armenia 2024 by Global Finance.
THE BEST WEBSITE DESIGN
Evocabank has received the Best
Wesite Design award by Armenia Digital Awards 2024
Wesite Design award by Armenia Digital Awards 2024
THE FASTEST GROWING BANK IN ARMENIA
Evoca is recognized by Global Business & Finance Magazine as the most innovative digital bank in Armenia.
PRODUCTS FOR
INDIVIDUALS
INDIVIDUALS
A wide range of account options are available to clients to Evocabank.
Current Account
Available in AMD and foreign currencies for both residents and non-residents of Armenia.
Special State Support Accounts
Designed for receiving state welfare and support payments.
Transfer Payment System
Send or receive money without opening an account via RIA, INTELEXPRESS, MoneyGram, UBpay, and MoneyTun.
Money Transfers
Domestic and international transfers, with or without opening an account.
Unallocated Metal Accounts
Accounts linked to global gold prices.
Available in AMD and foreign currencies for both residents and non-residents of Armenia.
Special State Support Accounts
Designed for receiving state welfare and support payments.
Transfer Payment System
Send or receive money without opening an account via RIA, INTELEXPRESS, MoneyGram, UBpay, and MoneyTun.
Money Transfers
Domestic and international transfers, with or without opening an account.
Unallocated Metal Accounts
Accounts linked to global gold prices.
Action Loan
24/7 online credit - fast and paperless.
Unsecured Personal Loans
Flexible loans for any personal need - no collateral required.
Mortgage Loans
Home and commercial mortgages, including special programs (NMC, Home for Youth).
Consumer Loans
Low-rate loans for purchasing goods and household items.
Car Loans
Financing for both new and used vehicles.
Credit Cards
Loan-enabled Mastercard E-commerce credit cards.
Student Loans
Tuition loans designed to support students.
Other Loans
Includes pawn loans, overdrafts, and loans under guarantee.
24/7 online credit - fast and paperless.
Unsecured Personal Loans
Flexible loans for any personal need - no collateral required.
Mortgage Loans
Home and commercial mortgages, including special programs (NMC, Home for Youth).
Consumer Loans
Low-rate loans for purchasing goods and household items.
Car Loans
Financing for both new and used vehicles.
Credit Cards
Loan-enabled Mastercard E-commerce credit cards.
Student Loans
Tuition loans designed to support students.
Other Loans
Includes pawn loans, overdrafts, and loans under guarantee.
Classical Deposit
Secure a stable and high-yield return.
Evoca Online Deposit
Open and manage your Evoca Online Deposit remotely via our digital service platforms.
Children's Deposit
Accounts opened in a child’s name, held until they reach adulthood.
Investment Service
Comprehensive brokerage and depository services for Armenian and international securities, including services through the Central Securities Depository of Armenia.
Personal Safe Boxes
Fireproof individual safe deposit boxes to securely store your valuables.
Secure a stable and high-yield return.
Evoca Online Deposit
Open and manage your Evoca Online Deposit remotely via our digital service platforms.
Children's Deposit
Accounts opened in a child’s name, held until they reach adulthood.
Investment Service
Comprehensive brokerage and depository services for Armenian and international securities, including services through the Central Securities Depository of Armenia.
Personal Safe Boxes
Fireproof individual safe deposit boxes to securely store your valuables.
PRODUCTS FOR LEGAL ENTITIES
01
03
05
07
02
04
06
BUSINESS
LOANS
LOANS
ONLINE DEPOSIT
TRANSFERS
INVESTMENT SERVICES
CLASSICAL DEPOSIT
ACCOUNTS
INTERNATIONAL TRADE SERVICES
Commercial loans tailored for financing various business sectors.
Evoca Online Deposit can be opened remotely through our online service channels.
Brokerage (dealer) and depository services available both in the Republic of Armenia and on global securities markets.
Transfers within Armenia and internationally in AMD and foreign currencies.
Stable high-yield return.
Accounts available for legal entities and individual entrepreneurs in AMD and foreign currency.
Full range of trade finance solutions, including Letters of Credit, Documentary Collection, Bank Guarantees.
BANKING SECTOR OF ARMENIA
Loans and advances (USD mln)
15,829
19,002
12,428
2023
2024
2025 Q3
Total assets
(USD mln)
(USD mln)
27,795
31,296
22,691
2023
2024
2025 Q3
Net profit (USD mln)
2023 Q3
2024 Q3
2025 Q3
553
681
792
Amounts due to customers
(USD mln)
(USD mln)
19,104
2023
2024
2025 Q3
14,497
14,673
In Q3 2025, the banking sector exhibited stable growth across key indicators. Total assets increased by 8.6%, while liabilities grew by 4.6%. The loan portfolio expanded significantly by 15.8%, and deposits saw a steady rise of 5.3% compared to year-end 2024. Notably, net profit surged by 5.3% compared to Q3 2024.
Assets
Liabilities
Loan portfolio
Amounts due to customers
5.3%
15.3%
21.9%
8.6%
15.8%
17.7%
22.4%
4.6%
DYNAMICS 2025 Q3 / 2024
BANKING SECTOR
EVOCABANK
USD MLN
Profit
Assets
Liabilities
Loan portfolio (Net of impairment)
Amounts due to customers
Equity
1,760
1,497
7 (+1)
6 (+1)
6 (+1)
5 (+2)
6 (+1)
6 (+1)
852
1,013
263
46.5
POSITION IN
BANKING SECTOR
BANKING SECTOR
PERFORMANCE INDICATORS IN 2025 Q3
COMPETITIVE ADVANTAGES OF THE BANK
POSITION IN THE BANKING MARKET OF ARMENIA
High level of profitability
High level of capital adequacy
Stability and reliability
Innovation and technological novelty
4
3
2
1
BALANCE
SHEET
SHEET
In Q3 2025, Evocabank delivered strong performance across key financial indicators. The loan portfolio grew by 17.7%, while the deposits and bonds portfolio increased by 15.3%, contributing to a 21.9% rise in total assets and a 22.4% growth in liabilities. Notably, equity grew by 19.5% compared to year-end 2024, underscoring the Bank’s solid financial health and resilience.
DEPOSITS AND BONDS
(USD MLN)
(USD MLN)
LOANS AND ADVANCES TO
CUSTOMERS
(USD MLN)
CUSTOMERS
(USD MLN)
2025 Q3
2024
2022
2023
729
929
1,180
1,497
TOTAL LIABILITIES
(USD MLN)
(USD MLN)
2025 Q3
2024
2022
2023
155
172
212
263
EQUITY
(USD MLN)
(USD MLN)
TOTAL ASSETS
(USD MLN)
(USD MLN)
610
746
914
1,093
2025 Q3
2024
2022
2023
2025 Q3
2024
2022
2023
411
523
698
852
2025 Q3
2024
2022
2023
884
1,101
1,393
1,760
CREDIT PORTFOLIO
In Q3 2025, Evocabank recorded strong growth in its retail and SME loan portfolios, highlighting its strategic focus on these priority segments. The SME portfolio grew by 17.1%, while retail lending saw a robust 23.1% increase, reinforcing the Bank’s commitment to supporting small businesses and individual clients.
SME & RETAIL LOAN PORTFOLIO (USD MLN)
2022
2023
106
194
145
239
2024
215
340
2025 Q3
261
434
RETAIL
SME
RETAIL LOAN PORTFOLIO STRUCTURE
2022
2023
2024
2025 Q3
26.0%
25.1%
30.0%
37.0%
74.0%
74.9%
70.0%
63.0%
MORTGAGE
CONSUMER
CORPORATE LOAN PORTFOLIO STRUCTURE
2022
2023
2024
2025 Q3
2.9%
2.5%
2.2%
48.8%
2.5%
55.5%
67.2%
69.7%
48.7%
41.6%
30.3%
28.1%
MICRO
SME
LARGE
FUNDING STRUCTURE
Evocabank is strategically expanding its funding channels through collaborations with international financial institutions. In parallel, we are introducing products such as deposits and corporate bonds with favorable terms.
This strategic initiative highlights the bank’s dedication to strengthening its funding base, ensuring a stable and sustainable source of funds to support future growth
This strategic initiative highlights the bank’s dedication to strengthening its funding base, ensuring a stable and sustainable source of funds to support future growth
DEPOSITS DUE TO CUSTOMERS
SUBORDINATED DEBT
ATTRACTED FUNDS
BONDS ISSUED
2022
2023
2024
2025 Q3
704
880
1,058
1,295
Total funding (USD MLN)
Funding structure 2025 Q3
6.1%
78.3%
21.7%
14.4%
1.2%
Amount due to costumer structure
Share in total deposit portfolio
TIME DEPOSIT
DEMAND DEPOSIT
CORPORATE
RETAIL
Demand deposit
TIME DEPOSIT
DEMAND DEPOSIT
Amount due to costumer structure
41.6%
58.4%
RETAIL
CORPORATE
Share in total deposit portfolio
39.6%
60.4%
Time deposit
Retail deposit portfolio (USD MLN)
Corporate deposit portfolio
(USD MLN)
(USD MLN)
2022
2023
2024
2025 Q3
113
124
150
157
263
286
334
454
2022
2023
2024
2025 Q3
151.0
200
244
264
56
84
104
138
LOAN PORTFOLIO
11.5%
37.0%
51.5%
CURRENCY EXPOSURE
50.5%
37.1%
2.4%
10.0%
DEPOSIT PORTFOLIO
EUR
AMD
USD
Other
LIABILITIES
7.9%
2.0%
36.7%
53.4%
59.9%
31.1%
2.0%
7.0%
ASSETS
INCOME STATEMENT
INDICATORS
INDICATORS
In Q3 2025, the Bank delivered strong financial results, with net interest income increasing by 25.0%, operating income rising by 60.6%, and net profit growing by 68.3% year over year.
17.7
22.1
47.8
2023 Q3
2024 Q3
2025 Q3
NET NON-INTEREST INCOME
(USD MLN)
(USD MLN)
45.9
55.1
89.6
2023 Q3
2024 Q3
2025 Q3
OPERATING INCOME
(USD MLN)
(USD MLN)
22.7
27.3
46.5
2023 Q3
2024 Q3
2025 Q3
NET PROFIT (USD MLN)
28.2
33.0
41.8
2023 Q3
2024 Q3
2025 Q3
NET INTEREST INCOME
(USD MLN)
(USD MLN)
OBLIGATORY STANDARDS
OF THE CENTRAL BANK
OF THE CENTRAL BANK
Evocabank’s prudential standards remain stable, mostly maintaining their position compared to the previous periods.
In Q3 2025, Evocabank demonstrated financial strength by maintaining solid capitalization and substantial liquidity buffers, ensuring stability amidst evolving market conditions. The capital adequacy ratio was preserved at a strategically optimal level, highlighting the effective management of capital resources.
TOTAL CAPITAL (AMD MLN)
2022
2023
2024
2025 Q3
64,776
70,878
80,078
98,459
30,000
30,000
30,000
30,000
CHARTER CAPITAL (AMD MLN)
2022
2023
2024
2025 Q3
23,000
23,000
23,000
23,000
50
1,000
1,000
1,000
2022
2023
2024
2025 Q3
22.8%
17.1%
15.5%
15.5%
9.0%
8.3%
8.3%
8.3%
TIER 1 RATIO (S1.2)
CAPITAL ADEQUACY RATIO (S1)
2022
2023
2024
2025 Q3
25.9%
18.9%
17.1%
18.1%
12.0%
11.0%
11.0%
11.0%
HIGHLY LIQUID ASSETS TO TOTAL ASSETS (S2.1)
2022
2023
2024
2025 Q3
42.4%
39.8%
38.1%
40.3%
15.0%
15.0%
15.0%
15.0%
2022
2023
2024
2025 Q3
143.9%
128.8%
125.0%
132.7%
60.0%
60.0%
60.0%
60.0%
HIGHLY LIQUID ASSETS TO DEMAND LIABILITIES (S2.2)
LCR & NSFR
Based on the Central Bank’s criteria, the Bank’s net stable funding (NSFR) and liquidity coverage (LCR) ratios exceeded the regulatory minimum of 100% by a substantial margin, reaching 167.9% and 264.3%, respectively.
100.0%
264.3%
Buffer
Threshold
450.0%
400.0%
350.0%
300.0%
250.0%
200.0%
150.0%
100.0%
50.0%
0.0%
500.0%
550.0%
600.0%
Liquidity Coverage Ratio
450.0%
400.0%
350.0%
300.0%
250.0%
200.0%
150.0%
100.0%
50.0%
0.0%
500.0%
550.0%
600.0%
100.0%
167.9%
Net Stable Funding Ratio
