Mon, 9 June
20.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armbusinessbank signs contract with labor and social security ministry to pay pensions

YEREVAN, January 31. / ARKA /. Armenian Armbusinessbank said today it has concluded an agreement with the ministry of labor and social security on payment of old-age and retirement pensions.

Starting on February 1, 2011, pensioners may sign contracts with the Bank or any of its branches and receive their pensions, the bank said in a press release. According to it, pensioners will be given special pension plastic cards free of charge. They as well can open a bank account and receive pensions through it.

In addition, retirees can make free cash withdrawals at any time of the day from any ATM of the Bank, and can save also money and earn additional income of 5% per annum. The pension plastic cards will also provide an opportunity to enjoy a system of discounts at pharmacies, opticians, etc. -0-

spot_img

POPULAR

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

US dollar, euro and Russian ruble exchange rates down against  Armenian dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 15, 2025, decreased by 1.05 points compared to May 14 and amounted to 386.94 drams.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

LATEST NEWS

spot_imgspot_imgspot_img