In the First Quarter Physical Entities Received $162.8 Mln. from Russia Through Banks

YEREVAN, May 10. /ARKA/. In the first quarter physical entities received $162.8 million from Russia through banking system which is by 11.3% more than the indicator of the same period of 2009 ($146.2 million).

In the same period from Armenia to Russia $30.1 million was transferred versus $24.4 million in 2009 (increase of 23.5%).

In its result, net flow of money from Russia was $132.7 million in the first quarter versus $121.9 million in the same period of 2009 – increase of 8.9%.

In fact, Russia has 62.2% of all non-commercial transfers to Armenia and about 21.7% of all transfers from the country.—0–

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

Unibank Sponsored the “Upside Down” Sport Climbing Festival

With the support of the Sport Climbing Federation of Armenia, the “Upside Down” sport climbing festival took place at the Ver Var bouldering gym, with Unibank acting as the sponsor of the event.

Investment portfolio of Armenian credit institutions in the first quarter of 2026 exceeded 100.6 billion drams

The total investment portfolio of Armenian credit institutions in the first quarter of 2026 amounted to 100.6 billion drams, according to the consolidated financial report of the country's credit institutions.

Grant Akopian has been elected to the AmCham Board

Grant Akopian, CEO and Chairman of the Management Board of Converse Bank CJSC was elected as the AmCham Board member on April 29.

IDBank supports the Opening Event of Wizz Air’s “Let’s Get Lost” Campaign

Participants of the latest edition of Wizz Air’s “Let’s Get Lost” campaign — travelers who boarded a flight without knowing their final destination — have arrived in Yerevan, Armenia.

LATEST NEWS

spot_imgspot_imgspot_img