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

Armenia’s fiscal policy in 2027 will restrain aggregate demand: Central Bank Governor

Armenia's fiscal policy in 2027, if economic growth remains slightly above the long-term sustainable level, will have a certain restraining effect on aggregate demand, stated Central Bank Governor Martin Galstyan, presenting the regulator's conclusion on next year's draft state budget to parliament.

Pashinyan: Armenian citizens received 95 billion drams in income tax refunds in 2025, and 78.6 billion drams in 2026

In 2025, Armenian citizens received 95 billion drams (approximately $263 million) in income tax refunds on mortgage loans, and 78.6 billion drams since the beginning of 2026.

Fraudsters are issuing loans to Armenian citizens under the guise of utility company employees – the Central Bank has warned of a new scheme

The Central Bank of Armenia has recently received reports of a new financial fraud scheme in which criminals visit citizens' apartments posing as employees of utility companies, the regulator's press service reported.

Central Bank of Armenia has tightened liquidity requirements for banks, taking into account the risk of large outflows of funds – Galstyan

The Central Bank of Armenia has tightened liquidity requirements for banks with large, concentrated foreign currency inflows to limit the risk of a potential outflow of funds.

Euro jumped 2.33 points against the Armenian dram, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 0.05 points to 360.12 drams on November 4, 2026, compared to November 3.

LATEST NEWS

spot_imgspot_imgspot_img