Over 2 trillion drams remitted in 2016 October

YEREVAN, December 19. /ARKA/. The total amount of money transfers made by Armenian commercial banks in 2016 October by using their non-cash instruments amounted to 2.051.8 trillion drams, an increase of 7% when compared with the same period last year, according to the monthly bulletin of the Central Bank of Armenia for October 2016.

According to the Central Bank, the total number of non-cash money transfer transactions in the reporting period amounted to 2,623,641, an increase of 22.1% from October last year.

At the same time, the amount of money transfers in 2016 October made by paper payment obligations amounted to 159.2 billion drams, by electronic payment obligations – to 1.867.3 billion drams, money transfers by checks amounted to 535 million drams, non-cash transactions by cards – to 24.7 billion drams. Other debit money transfers were not carried out.

The volume of transactions made by using plastic cards amounted to 117.4 billion drams, a 0.3% growth from 2015 October, while the number of transactions amounted to 2,589,472, a 9.3% year-on-year growth.

In 2016 October, the number of banking cards in circulation stood at 2,589,472 (10.5% growth). ($ 1 – 484.17 drams). AT -0-

spot_img

POPULAR

IDBank supports the Opening Event of Wizz Air’s “Let’s Get Lost” Campaign

Participants of the latest edition of Wizz Air’s “Let’s Get Lost” campaign — travelers who boarded a flight without knowing their final destination — have arrived in Yerevan, Armenia.

Central Bank of Armenia is discussing the creation of a guarantee fund for small business lending with the Ministry of Economy and the World...

The Central Bank of Armenia, together with the Ministry of Economy and partners from the World Bank, is discussing a mechanism for providing partial guarantees for small and micro businesses through a special guarantee fund.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 11, 2026, decreased by 0.05 points compared to May 8, to 368.96 drams.

Deposits in Armenian commercial banks exceeded 7.5 trillion drams at the end of March

Deposits in commercial banks in Armenia at the end of March 2026 amounted to 7,581,163 million drams, compared to 7,418,404 million drams in February. This is according to data from the Statistical Committee.

Ranking of Armenia’s Largest Credit Institutions by Total Capital in Q1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total capital for the first quarter of 2026.

LATEST NEWS

spot_imgspot_imgspot_img