Sat, 23 August
32.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian government earmarks 1.2 billion drams as compensation for depreciated soviet time bank deposits

YEREVAN, November 7. /ARKA/. The draft budget of the Armenian government for 2019 has earmarked 1.2 billion drams to be paid as compensation for Soviet time depreciated bank deposits.

According to acting deputy minister of labor and social affairs Arsen Manukyan, the compensation will be paid to those citizens who were born before December 31, 1933, as well as to social groups stipulated by a special law.

The procedure for the payment of the depreciated bank deposits was approved by a law adopted in 2006. The law applies to those deposits that were placed before June 10, 1993.

The compensations are paid only to those persons who, from July 1, 2005 to April 1, 2006, were included in the lists of families eligible to social benefits. The first in row are persons over 70. ($1 – AMD 487.88). –0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

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.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

LATEST NEWS

spot_imgspot_imgspot_img