Armenian financial sector’s services grow 2.7% to AMD 37.2 billion in Jan-Feb 2016

YEREVAN, April 13. /ARKA/. Financial and insurance services worth AMD 37.2 billion were provided in Armenia in January and February 2016, the National Statistical Service reports.

This amount is 2.7% larger than that of the same period a year before.

According to the statistical report, the financial sector accounted for AMD 18.4 billion, a 5.2 percent year-on-year growth and a 21.4% share in the total cost of the services provided in the country in Jan-Feb 2016 – AMD 173.7 billion (9.8% year-on-year growth).

The culture, entertainment and rest segment’s services totaled AMD 35.7 billion in Jan-Feb 2016 showing a 50.5% year-on-year growth, the information and communication sector provided services amounting to AMD 31.1 billion (0.9% growth) and transport AMD 22.4 billion (24.8% growth). –0—

spot_img

POPULAR

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

Idram and IDBank Support Startups at Seaside Startup Summit

Thousands of ideas and numerous participants - all in one place.

Head of the Union of Banks of Armenia did not rule out consolidation of the Armenian banking market

Daniel Azatyan, Chairman of the Union of Banks of Armenia, believes the current number of commercial banks in the country is optimal, but theoretically allows for market consolidation.

Armenian banks’ loan portfolio in the first half of the year amounted to 8.8 trillion drams, up 11.5% – Union of Banks

The loan portfolio of Armenian banks in the first half of 2026 amounted to 8.8 trillion drams, up 11.5%, reported Daniel Azatyan, head of the Union of Banks of the Republic.

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 drams.

LATEST NEWS

spot_imgspot_imgspot_img