Mon, 25 August
24.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Private transfers from Russia to Armenia shrink 38% to $769.6 million in Jan-Oct 2015

YEREVAN, December 7. /ARKA/. Private transfers from Russia to Armenia shrank 38% in Jan-Oct 2015, compared with the same period a year earlier, to $769.6 million, the Central Bank of Armenia reports on its official website.

This decline was caused by a long-lasting devaluation of the Russian ruble that began in 2014.

Remittances from Russia to Armenia have shrunk 10.7% over the entire 2014 for the first time since 2009.

Despite the considerable contraction in money transfers from Russia, they continue dominating the total amount of the country’s transfers.

In particular, their share in the total amount was 76.5% in Jan-Oct 2015.

According to the central bank’s report, $169.4 million was sent from Armenia to Russia in Jan-Oct 2015 – 4.5% more than at the same period a year before.

Net inflow of private remittances to Armenia from Russia reduced 44.4% in Jan-Oct 2015, compared with the same period a year before, to $600.2 million.

Transfers form Russia to Armenia amounted to about $84.9 million in October alone showing a 38% year-on-year decline.

The amount of money transfers received in Armenia in Jan-Oct 2015 exceeded $1 billion – a 32.3% year-on-year decline. —0—-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

LATEST NEWS

spot_imgspot_imgspot_img