Fast Bank

Information about products and services from Fast Bank

Bank's exchange rates

Last update: 06 Oct, 20:47

CurrencySell to the bankBuy from the bank
  • EUR402412
  • RUB4.154.35
  • USD360364
Central Bank Rates
Currency05 Oct06 Oct
  • EUR405.3-0.49% 407.19+0.47%
  • RUB4.26-1.60% 4.24-0.61%
  • USD361.81-0.20% 362.14+0.09%
All currency exchange rates

Best offers

Interest rate

2.5%

Term

367-550 days

Amount

from 100€

Interest rate

2.75%

Term

367-550 days

Amount

from 100€

Interest rate

6.75%

Term

367-550 days

Amount

from 10 000₽

Interest rate

7%

Term

367-550 days

Amount

from 10 000₽

Interest rate

5%

Term

367-550 days

Amount

from 100$

Information about Fast Bank

Fast Bank bank logo

General information

Full legal name

"Fast Bank" CJSC

Founded

1994

CB of Armenia License

№87

Financial Indicators (2025)

Total Assets

AMD 423 billion

Loans and Advances

AMD 341 billion

Equity

AMD 84 billion

Net Profit

AMD 8 billion

Annual Report

Open

Bank details

CB of Armenia License

№87

Registration date

09 Nov 2022

Bank code

26200

SWIFT code

FCAOAM22

Chairman

Taron Ganjalyan

Fast Bank bank logo

About the Bank

Fast Bank is a universal bank in Armenia serving private clients, entrepreneurs, SMEs and corporate clients. The bank provides consumer and mortgage lending, deposits, card and payment services, leasing, investment services and digital banking solutions.

Fast Bank's history dates back to 1994, when the first Fast Credit branch was opened. The organization became a credit institution in 2011 and received a banking license in 2022, becoming Fast Bank. Today, it develops retail and corporate banking, SME financing, investment services and remote banking through FastBank Mobile and Fast Bank Online Banking.

History

  1. 1994 — Start of operations

    On April 1, 1994, the first Fast Credit LLC branch opened at 37 Abovyan St. in Yerevan and initially operated as a pawnshop.

  2. 2011 — Credit organization

    On October 14, 2011, Fast Credit Capital UCO CJSC was registered as a credit organization.

  3. 2022 — Banking license

    On November 9, 2022, Fast Credit received banking license No. 87 from the Central Bank of Armenia and was registered as Fast Bank CJSC.

  4. 2025 — Network expansion

    In 2025, Fast Bank opened 4 new branches and rebranded 10 existing branches, continuing the expansion and modernization of its service network.

  5. 2026 — New management

    On August 5, 2026, Taron Ganjalyan was appointed Chief Executive Officer and Chairman of the Directorate of Fast Bank.

Fast Bank business activities and areas of specialization

Activities

Retail banking, consumer lending, mortgage lending, corporate banking, SME financing, deposits, card and payment services, financial leasing, investment services, securities operations.

Target Segments

Private clients, entrepreneurs, SMEs, corporate clients and investors.

Digital Products

FastBank Mobile, Fast Bank Online Banking, AknCard, FastSend

International Affiliation

Fast Bank is not part of an international banking group. The bank's shareholders are Vahe Badalyan and Vigen Badalyan, each holding 50% of the shares. The bank has no indirect significant participants.

Leadership

Taron Ganjalyan

Chief Executive Officer

Taron Ganjalyan took over as head of Fast Bank in August 2026. He has more than 25 years of experience in banking, investment and finance. He previously served for many years as CEO of Netherlands-based LINKS Analytics B.V. and as a fund manager at Shell Asset Management Company B.V. He holds a master's degree in economics and an MBA from London Business School.

Awards

  • 2026 — Excellence in Scaling Payment Solutions - Mastercard

    Fast Bank received the Mastercard Excellence in Scaling Payment Solutions award for its work in scaling and digitalizing payment solutions.

    Source

Fast Bank online services

Bank branches and ATMs map

Bank reviews

10 Jul 2026Rating:1.0

I had the misfortune of making a transaction at the Fastbank Davtashen branch. Honestly, it felt as if the branch had never moved beyond the level of a pawnshop. To my surprise, no one in the entire branch seemed to know how to process an international SWIFT transfer. I had to guide the employees through the procedure myself, and it still took 1.5 hours just to initiate the transfer. Unfortunately, that was only the beginning. The following day, the money was still on my account. After several calls to the call centre, the funds were finally debited, so I assumed the issue had been resolved. Four days later, the beneficiary still had not received the money. I contacted the bank again to find out what had happened. Only then was I informed that the transfer had been suspended because proof of the source of funds was required. No one from the bank had contacted me to let me know. Had I not called myself, I would still have been waiting without any information. After several attempts to reach the Davtashen branch by phone, one of the employees explained that there had been a problem with my transfer because the employee responsible for it had gone on vacation, and no one else knew the status of the transaction. I was told that I needed to provide proof of the source of funds. When I complained about the unacceptable delay, the employee simply hung up on me. I called the branch again and explained that the money originated from a loan issued by Fastbank itself. I politely asked them to retrieve the loan agreement from their own system and provide it to the relevant department. Do you know what I was told after a long discussion? "I'm not going to look in our system. You have to bring the document yourself. My working hours are over. Bye." I was genuinely shocked. It felt less like speaking to a bank employee and more like dealing with someone being rude on the street. Fastbank, please invest in training your staff and improving your internal processes. This is the 21st century. Customers expect professionalism, communication, and accountability. A bank should operate like a modern financial institution—not like a corner vegetable shop.

Mikhayil Gevorgyan Mikhayil Gevorgyan Fast Bank Source: Google
22 Mar 2026Rating:5.0

Honest rates for exchanging USD cash and other currencies to Dram. The entrance is a bit hard to find at the side of the cafe and up the stairs. Staff were present, professional & efficient. Reliable when the ATM does not work for withdrawing international currency

13 K 13 K Fast Bank Source: Google
18 Feb 2025Rating:1.0

The slowest bank in Armenia, they should changed their name to Turtule

STEVEN GREEN STEVEN GREEN Fast Bank Source: Google
11 Feb 2025Rating:1.0

Worst bank in Armenia. Naming “Fastbank” while having the slowest bank service in the region is crazy

Diego Wyld Diego Wyld Fast Bank Source: Google
18 Aug 2023Rating:2.0

More like very-very-slow-sleeping-turtle-bank. I’ve been in many banks in Armenia, but that is definitely a record. The cashier was doing everything she could, but the bank system seems to be broken. P. S. Check every bank note they give you, some may be half-destroyed.

Alexey Popov Alexey Popov Fast Bank Source: Google