Armenian banks ‘take aboard’ 16,000 non-resident clients

YEREVAN, May 4. /ARKA/. Armenian banks have currently about 16 thousand non-resident clients,  most of them are from the Russian Federation, who have moved their economic interests to Armenia, Chairman of the Central Bank Martin Galstyan told a Tuesday press conference.

“The Armenian banking system has “taken them aboard” and the center of economic interests of most of them has been moved to Armenia, at least for a short-term period,” he said.

According to Galstyan, the banking sector follows internationally accepted rules of the game with regard to non-residents, who are under much stricter procedural oversight than local residents.

“The Armenian banking system in the current situation carries out a very correct work to comply with all international norms,” he stressed.

At that, according to Galstyan, 16,000 non-resident clients mean 16,000 foreigners and not as many accounts, since one person can open up to three accounts on average.

Galstyan said also that the non-resident clients have more accounts in Russian rubles than in other currencies. -0-

spot_img

POPULAR

Unibank Offers USD-Denominated Bonds with an Annual Coupon Rate of 6%

Unibank has completed the placement of its AMD-denominated bonds ahead of schedule: the issue, with a total volume of AMD 3 billion, was fully placed within just a few days.

Pensions, benefits, and cashback: Armenian government allocates 40.8 billion drams for these purposes

At its meeting on Thursday, the Armenian government decided to allocate 40.8 billion drams to fund pension and social payments for the fourth quarter of 2026.

Net inflow of remittances to Armenia from abroad doubled over 8 months

The net inflow of cross-border remittances to individuals in Armenia, received from abroad via the banking system of the Republic of Armenia, totaled $1.8 billion in January–August 2026, compared to $889.3 million in January–August 2025, according to a report by the republic's Central Bank.

Unibank’s AMD 6.9 billion Perpetual Bonds Listed on the Armenia Securities Exchange

Unibank’s AMD-denominated perpetual bonds with a total nominal volume of AMD 6.9 billion have been listed on the Armenia Securities Exchange and included in the secondary Bbond list of bonds.

US dollar and ruble exchange rates against the Armenian dram rose, while the euro rate fell – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram in Armenia's currency market rose by 0.18 points on October 7 compared to October 6, reaching 362.32 drams.

LATEST NEWS

spot_imgspot_imgspot_img