Sun, 2 November
17.1 C
Yerevan
USD: 382.65 RUB: 4.73 EUR: 442.76 GEL: 141.15 GBP: 502.42

Individual money transfers to Armenia in Jan.-Feb. slash by 6.6% to $158.2 million

YEREVAN, April 9, /ARKA/. The amount of individual money transfers to Armenia via banks in the first two months of the year slashed by 6.6% year-on-year ($11.1 million) to $158.2 million, the Central Bank of Armenia said in its monthly bulletin.

The volume of money transfers from Armenia to other countries in the period of time under question dropped by 2.6% to $84 million, down from $86.2 million in Jan.-Feb. 2009.

The net inflow of remittances fell by 10.7% year-on-year to $74.2 million, down from $83.1 million in Jan.-Feb. 2009. The largest portion of remittances -$77.4 million- came form Russia. ($1 – 399.45 Drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img