Tue, 12 August
23.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Areximbank-Gazprombak Group begins accepting payments from orange subscribers

YEREVAN, November 10, /ARKA/. Areximbank – Gazprombak Group said it has begun accepting payments also from subscribers to Orange Armenia telecommunications company. ‘From now bank accepts payments from Orange Armenia’s subscribers for Internet and mobile phone services ,’ the bank said in a press release.

Areximbank – Gazprombak Group is accepting also payments from subscribers to VivaCell and Beeline services, as well as to Cornet internet provider. Payments for their services can be made at the bank and its branches as well as via its ATMs. Early next year the bank plans to shift to payment of utility fees as well as for Internet, mobile and fixed telephony services through SMS (Telecard system).

Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. It is a principled member of VISA International and MasterCard International payment systems. In 2007 it joined Armenian ArCa payment system. The bank is owned fully by Russian Gazprombank and has 6 branches in Yerevan and 9 in regions. According to its press release, on October 1 its credit portfolio was 42.5 billion Drams.

According to ARKA News Agency’s data, Areximbank-Gazprombank Group’s assets totaled AMD 56.3 billion and liabilities AMD 41.7 billion by late September 2010. The bank’s total capital amounted to AMD 14.6 billion, authorized capital AMD 12.3 billion, credit investments to 42.8.1 billion and liabilities to clients to AMD 18.3 billion. The bank has 15 branches, with six of them in Yerevan and nine in Armenia’s provinces. ($1- 364.09 Drams).  -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Market capitalization in July increased by 45.3% year-on-year, exceeding 463 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for July 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity. 

Armenian Central Bank  developing mechanisms for insurance and combating financial fraud

Armenia's Central Bank is developing a set of tools to combat financial and cyber fraud, the deputy chairman of the Central Bank Armen Nurbekyan said at a press conference on Tuesday.

Net inflow of money transfers to Armenia from abroad decreased by 1.3% in half-year

The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, in January-June 2025 amounted to $587.6 million against $595.4 million in January-June 2024, according to the report of the Central Bank of the Republic.

Average settlement rate of dram to dollar in July was 1% lower than a year ago

In July 2025, the average settlement rate of the Armenian dram to the US dollar was 384.1 drams, which is 1% lower than the same indicator in June 2024 (388.1 drams).

LATEST NEWS

spot_imgspot_imgspot_img