Sun, 28 September
16.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Private remittances to Armenia increased by 23% in 2016 June from previous month to $135.27 million

YEREVAN, August 2. /ARKA/. Private remittances sent to Armenia through the banks increased by 23% in 2016 June when compared to the previous month to $135.27 million, according to the Central Bank. However, when compared to 2015 June the amount was down 17.1%.

Remittances from Armenia abroad totaled about $54.4 million, a decrease of 17.8% when compared to 2015 June 2015. They were also down 19.48% when compared to June 2016. Thus, the net inflow of remittances in 2016 June amounted to approximately $80.8 million, a decrease of 16.6% over the same period last year, but a 92.7% growth when compared to June 2016.

Approximately 64.6% of the total private money transfers came from Russia, down from 70-80% in the previous years.

Remittances from Russia to Armenia  in June 2016 amounted to approximately $87.4 million, a decrease of 19.7% compared to June 2015, but 30% up when  compared to May 2016, while remittances from Armenia to Russia decreased by 7.3 % from 2015 June to $21.4 million. Compared to 2016 May they were down 35.9%.

Remittances to Armenia decreased by 30% in 2015 to $1.208.5 billion, due to a huge devaluation of the Russian ruble. ($ 1 – 476.38 drams). -0-

spot_img

POPULAR

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

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

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img