Tue, 4 March
0.1 C
Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
spot_img

Areximbank – Gazprombank Group reports 66 % surge in remittances last year

YEREVAN, February 7. / ARKA /. The amount of private remittances in 2013 going through Areximbank – Gazprombank Group soared by 66 %, including a 140% rise in remittances to Armenia and a 31% rise in money transfers from it, the Russian-owned bank said today in a press release.

The bank said the amount of remittances via various international payment systems without bank account opening doubled. The bank explained it by joining to new money transfer systems.

The bulk of remittances came as usual from the Russian Federation, followed by the United States, United Arab Emirates and China. The bank said it expects the amount of private remittances to grow this year by another 20 percent.

Areximbank-Gazprombank Group implements international money transfers via MONEYGRAM, ANELIK, Express Mail, UNISTREAM, AVERS, INTELEXPRESS, SIGUE MONEY TRANSFER, RIA MONEY TRANSFER systems. It also offers instant money transfers between Russia and Armenia.

Areximbank – Gazprombank Group, founded in 1998 to support financial flows between Russia and Armenia was acquired fully in 2007 by Russia’s Gazprombank. .-0-

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

New Armenian Formula VC II fund invests $30 mln in 40 tech startups with Armenian roots around the world

Armenian Formula VC fund announced the launch of Formula VC II fund on Thursday. 

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

LATEST NEWS

spot_imgspot_imgspot_img