Armenian Armeconombank awarded quality excellence certificate by German Commerzbank AG

YEREVAN, June 22. /ARKA/. Armenian Armeconombank was awarded a certificate of quality excellence by German Commerzbank AG for faultless handling of international remittances in 2011.

In a press release sent to ARKA, Armeconombank said the certificate was awarded for operating remittances in conformity with international standards.

“Remittances were made automatically that reduced to minimum the duration of the money transfer process”, the press release said.

Armeconombank was registered on August 26, 1991. The European Bank for Reconstruction and Development holds 25%+1 share in it and 53.4% of the shares belong to the Sukiasyans family that had founded the bank. -0–

spot_img

POPULAR

Inflation of 5.3% recorded in Armenia in April

In the Armenian consumer market, 12-month inflation in April of this year amounted to 5.3%, according to a report from the Statistical Committee of Armenia.

Central Bank is not observing capital outflow from Armenia amid regional uncertainty

The Central Bank of Armenia is not observing capital outflow from Armenia amid regional uncertainty, stated Deputy Chairman Hovhannes Khachatryan.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 27 – May 3)

Last week, the focus in Armenia was on changes in bank taxation, the development of a new law on payment services, and the transformation of investment companies.

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 5, 2026, decreased by 0.34 points compared to April 30, to 370.44 drams.

Euro to Armenian dram exchange rate jumped 3.22 points, while the dollar and ruble remained unchanged: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 6, 2026, decreased by 0.44 points compared to May 5, to 370 drams.

LATEST NEWS

spot_imgspot_imgspot_img