Thu, 18 September
25.1 C
Yerevan
USD: 382.59 RUB: 4.62 EUR: 452.83 GEL: 140.01 GBP: 522.58

Money transfers to Armenia in Q1 grew to $406 million

YEREVAN, May 19. /ARKA/. Individual money transfers to Armenia in the first quarter of 2021 grew by  14.7% or $52 million to $406 million, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Wednesday.

According to him, the bulk  – about $154 million – came from Russia, another $118 million – from the United States, $13 million from Kazakhstan, $15 million from Germany, $12 million from France and smaller amounts from other countries.

He also noted that money transfers from Armenia to other countries in the first quarter increased by 3.9% or $10 million to $277 million.

According to him, $86 million were remitted to Russia,  $44 million to  the United States and smaller amounts to other countries. ($1 – 521.55 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img