Anelik Bank cuts commissions for money transfers

YEREVAN, November 1. / ARKA /. Armenia-based nelik Bank has lowered commissions for money transfers in U.S. dollars, euros and Russian rubles made through Anelik system 2-3 times – from  2-3% to 0.5-0.9%, depending on the currency.

The special offer is effective from November 1 until March 1, 2014, the bank told ARKA.

Anelik Bank  CEO, Nerses Karamnukyan , was quoted as saying in a press release that Anelik  money transfer system, the first in Armenia,  has been operating for 15 years in 100 countries.

“I am confident that such a drastic reduction of commission will help popularize Anelik system both in Armenia and beyond it ,”  he said.

Anelik Bank was established in 1990. It is now owned fully by Lebanese Credit Bank SAL. -0-

spot_img

POPULAR

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

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.

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.

Some 68% of March inflation in Armenia contributed by food and non-alcoholic beverages-WB

In March, Armenia's inflation rose to 4.5 percent (yoy) from 4.3 percent (yoy) in February, according to World Bank's Armenia Monthly Economic Update – April 2026.

Corporate tax collection in Armenia has increased to 265.8 billion drams; Pashinyan announced a 5.4-fold increase since 2017

As of April 20, 2026, corporate income tax collection in Armenia amounted to 265.8 billion drams, announced RA Prime Minister Nikol Pashinyan.

LATEST NEWS

spot_imgspot_imgspot_img