Mon, 9 June
22.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Individual money transfers to Armenia grow 3% to $144.6 million in May 2014

YEREVAN, July 2. / ARKA /. More than $144.6 million came to Armenia through banks as individual noncommercial money transfers in May 2014 – a 3% year-on-year growth and 8.5% month-on-month growth, the Central Bank of Armenia reports on its website.

About $25.7 million was transferred from Armenia abroad in May 2014 against $25.2 million in May 2013.

Net inflow in Armenia amounted to about $118.9 million in May 2014 against $115.3 million in May 2013.

The inflow from Russia was larger than from other countries – about 83.2% (about $120.4 million and 1.3% year-on-year growth) of the total amount of individual remittances to Armenia in May 2014 and outflow from Armenia to Russia amounted to $15.8 million (7.3% growth).

According to the central bank, $1 869.7 million was transferred to Armenia in 2013 – 17.3% of the country’s GDP. ($1 – AMD 407.85). —-0—

spot_img

POPULAR

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

LATEST NEWS

spot_imgspot_imgspot_img