About 10bln drams paid in Armenia in compensation for deposits in USSR Sberbank – Minister

YEREVAN, January 22. /ARKA/. The program of compensations for frozen deposits in USSR Sberbank for 2005-2013 has been completed and a total of about 10 billion drams was paid to registered citizens in the period, Armenia’s minister of labor and social affairs Artem Asatryan said Tuesday.

From 2005 to 2006, 62,000 people got registered for compensation, and the program was completed in 2013, the minister said in summarizing the 2013 results.

Asatryan also said the program will continue in 2014 and will cover people born before December 31 1929 that are socially insecure, disabled or have contributed to border protection operations.

On March 16, 2006, Armenia’s government approved the procedure for compensation for deposits in the country’s USSR Sberbank placed before June 10 1993. Compensations were paid only to beneficiaries included in the social benefits list in the period from July 1 2005 to April 1 2006. In the first stage a priority was given to citizens above 70 who were in the family social benefit lists. ($1 – 406.25 drams).–0–

spot_img

POPULAR

US dollar, euro, and ruble drop against Armenian dram

YEREVAN, August 18. /ARKA/. The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market as of August 18, 2026, fell by 0.25 points to 365.25 drams compared to August 17.

New requirements for banks to manage risks of circumventing international sanctions come into effect in Armenia

YEREVAN, August 17. /ARКА/. As of August 12, 2026, new regulations for banks regarding the management of risks associated with evading international sanctions have been implemented in Armenia.

US dollar, euro, and ruble up against  Armenian dram

YEREVAN, August 20. /ARKA/. The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market as of August 20, 2026, increased by 0.3 points to 365.26 drams compared to August 19.

Acba Bank has issued over 1 million cards, solidifying its leadership in Armenia

YEREVAN, August 17. /ARKA/. For more than five years, Acba Bank has held the top spot in the Armenian card market. As of May 2026, the total number of cards issued by the bank surpassed 1 million, as reported by the bank's press service.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (August 10-16)

YEREVAN, August 17. /ARKA/. Armenia's financial agenda last week focused on setting up payment and cryptocurrency infrastructure, capital market activity, and the parameters of the next stage of universal health insurance.

LATEST NEWS

spot_imgspot_imgspot_img