Sun, 27 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Anelik system posts 21 percent rise in first quarter remittances

YEREVAN, April 18. /ARKA/. Anelik bank said the amount of remittances handled by its Anelik money transfer system surged by 21 percent in the first quarter of this year from a year earlier to $200 million.

According to a press release, the amount of remittances in Russian rubles during the reporting period of time saw a 220% rise. The number of transfers through Anelik system increased over the same period of last year by 92%, reaching nearly 0.5 million.

According to Arman Shushyan, head of Anelik Bank department in charge of transactions and correspondent relationships, compared to pre-crisis 2008 the number of transfers as a whole increased by 62%.

“This growth is due TO an increase in the amount of money transfers in rubles, competitive low rates for transactions, as well as the speed of transfers through Anelik system operating in nearly 100 countries around the world,” – he said.

Anelik bank was created in 1990. Its major shareholder is Lebanese CreditBank SALs which owns 69.5%. In 1997 Anelik bank created its own payment and settlement system Anelik. ($1 – 392.55 drams). -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

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

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

LATEST NEWS

spot_imgspot_imgspot_img