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Armenian regulator registers new credit organization – The First Factoring Company

YEREVAN, August 4. /ARKA/. The Central Bank of Armenia has registered a new universal credit organization – The First Factoring Company, the press office of the regulator reported on Thursday.

As many as 32 credit organizations function in Armenia now. –0—

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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 inflow of remittances from Russia to Armenia in 2024 decreased by 52.3% – Ministry of Finance

In January-December 2024, the net inflow of remittances to Armenia decreased by 34.8%, with a decline of 52.3% from the Russian Federation and 3.5% from other countries.

Euro exchange rate plummets by 5.57 points to AMD 406.68

The average market exchange rate of the U.S. dollar to the Armenian dram on February 3, 2025, totaled 396.99 drams, down 0.36 points compared to January 31.

Net inflow of money transfers to Armenia drops 1.1 times in 2024

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $1.51 billion in January-December 2024, compared to $1.65 billion in 2023, according to the report from the Central Bank of Armenia.

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