AREXIMBANK- GAZPROMBANK GROUP BANK circulates 545,302,000 drams at its service points in first quarter this year

YEREVAN, April 27. /ARKA/. Monetary circulation at Areximbank- Gazprombank Group Bank’s service points climbed by 26% to 545, 302,000 drams in the first quarter of this year from the same period a year earlier, the bank’s press service reports ARKA.

According to the source, the bank’s cardholders circulated  397, 609,000 drams at the service points of other banks, that is 17 %  higher from the same period last year.
“The bank’s cash terminals circulated 7 464 million drams, 2 208 million of which – by POS terminals, and 5 256 million drams – by ATMs,” the press  release says.
The bank issued 4,815 plastic cards in the first quarter of 2012; of them 3,285 are VISA cards, 981- MasterCard and 549- ArCa, the press release says.

The press release also says that the number of servie points of the bank is advancing as well. Fore example, as of March 31, 2012, there are 58 ATMs, 39 cash points and 218 POS terminals.
Areximbank- Gazprombank Group expects to increase total number of ATMs  by 25 to 83 and POS-terminals – by 100 to 300.

Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. Russian Gazprombank OJSC holds 100% stock of the bank. It is a principled member of VISA International and MasterCard International payment systems. In 2007 it joined Armenian ArCa payment system. ($1 – 392.49 drams).—0—

spot_img

POPULAR

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

VTB (Armenia) Expands Payment Options for Russian Tourists

Ahead of the tourist season, VTB (Armenia) is strengthening its acquiring infrastructure, expanding its network and introducing digital payment solutions.

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

Armenian banks’ loan portfolio in Q1 amounted to AMD 8.01 trillion, an increase of over 22%

As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2026

ARKA News Agency has published a ranking of the most profitable banks in Armenia based on the results of the first quarter of 2026.

LATEST NEWS

spot_imgspot_imgspot_img