Private transfers to Armenia in 2011 increased by 19.6% to $1 547 million

YEREVAN, February 7. /ARKA/. Through the banking system of Armenia in the name of individuals for non-commercial purposes in 2011 was transferred about $ 1 547 million which is by 19.6% more than in 2010, states the report of CBA “Generalization of monetary-credit indicators in December 2011”.

Volume of transfers in 2011 from Armenia to other countries was $264.6 million vs. over $221.8 million in 2010 (growth by 19.3%). Net flow of money transfers in the reporting period was about $1 282.4 million vs. $1 072 million in 2010 (growth by 19.6%).

The flow of private transfers only in December 2011 was $166.4 million.

The largest flow of transfers in 2011 and 2010 was registered from Russia. ($1153.8 million). —0–

spot_img

POPULAR

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

LATEST NEWS

spot_imgspot_imgspot_img