Tue, 2 December
2.1 C
Yerevan
USD: 381.24 RUB: 4.90 EUR: 442.43 GEL: 141.15 GBP: 502.97

2.2% year-on-year growth in Armenia’s financial sector services

YEREVAN, August 2. /ARKA/. Services in Armenia’s finance and insurance sectors totaled AMD 118.6 billion in Jan-June 2016 showing a 2.2 percent year-on-year growth.

According to the National Statistical Service of Armenia, services in the finance sector grew 4.9% in June 2016, compared with June 2015, to AMD 21.3 billion accounting for 20.3% of the total amount of the country’s all services.

Services in Armenia grew 8.3% in Jan-June 2016, compared with the same period a year earlier, to AMD 583 billion.

The second biggest service-providing segment is culture, entertainment and rest. Its services amounted to AMD 113.2 billion in Jan-June 2016 showing a 40.5% year-on-year growth.

The country’s information and communication sector faced a 0.2% decline to AMD 102.9 billion, while transport sector enjoyed a 22.8% growth to AMD 76.4 billion. ($1 – AMD 476.38).  –0—-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

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.

USD, EUR and RUB exchange rates rise against Armenian dram 

The average market exchange rate of the U.S. dollar to the Armenian dram on May 21, 2025, rose by 0.14 points to AMD 385.06 compared to May 20.

LATEST NEWS

spot_imgspot_imgspot_img