Sun, 9 November
8.1 C
Yerevan
USD: 382.54 RUB: 4.73 EUR: 441.83 GEL: 141.43 GBP: 501.40

Some 30,000 new bank accounts opened in Armenia in March- minister

YEREVAN, April 18. /ARKA/. About 30 thousand new bank accounts were opened in Armenia in March, 2022, Economy Minister Vahan Kerobyan said.

“Our banks carry out the usual know your customer (KYC) checks, which now take a bit longer time due to the fact that we have to check all the companies for their possible involvement in the sanctions lists. This slows down the opening of accounts, nevertheless we had about 30,000 new accounts opened in March,” he said in an interview with Russian Kommersant. -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.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

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