Evocabank. 2024 Performance Results

In 2024, Evocabank reported an increase in financial indicators thus strengthening its position in the market which was driven by well-designed combination of digital and innovative solutions.

The Bank's assets were AMD 552 billion, up 24% from the previous year. Loan portfolio went up 31% to AMD 277 billion. Total liabilities were AMD 468 billion, up 24% from 2023. Funds raised from customers increased 20% to AMD 362 billion while total capital increased 21% from the previous year to AMD 84 billion. Bank's net profit was AMD 14.6 billion which is an increase of 32% from the previous year.

During 2024, the Bank launched several innovation projects such as Mastercard Digital cards,  UnionPay Gold and UnionPay Business cards, Idram Open QR, UBPay, etc.

Evocabank deepened its international cooperation by raising USD 10 million from IFC, Euro 12 million from EIB Global, USD 10 million from OFID,  USD 10.35 million in AMD equivalent from Symbiotics Investments, USD 10 million from The Black Sea Trade and Development Bank (BSTDB) and other partners. The Bank also made new collaboration agreements with Al Fardan Exchange, BACEE, and other foreign companies.

In 2024, the Bank won new awards from top financial magazines and other institutions.

For the 8th year in a row, Evocabank was named the Best digital bank in Armenia by the prestigious Global Finance.

For the 4th year in a row the  Global Banking & Finance Review magazine named the Bank the Best Digital Bank in Armenia. For the 4th consecutive year Global Finance named Evoca The Best SME Bank in Armenia.

In addition, Evocabank won two awards from Global Business and Finance Magazine: Fastest Growing Bank in Armenia 2024; and Most Innovative Digital Bank in Armenia 2024.

Evocabank won 2 new awards from Armenia Digital Awards 2024: "Best Web Design" and "Best Innovative Mobile Banking App".

The above-mentioned is only a part of the Bank's achievements.

For more details, please follow the link.