Sun, 22 February
-1.9 C
Yerevan
USD: 376.82 RUB: 4.90 EUR: 443.25 GEL: 140.90 GBP: 507.65

Volume of transactions made by Armenian banks’ cards abroad almost doubled in first half of 2022

YEREVAN, August 26. /ARKA/. Banking cards issued by Armenia-based banks were used to make 6,139,854 transactions abroad in the first half of 2022, up 78.2% from the same time span of 2021, according to the Union of Banks of Armenia.

In terms of money, these transactions amounted to  158. 6 billion drams, an increase of 98.7% from the first six months of 2021.

The number of transactions made by these cards in Armenia grew by 38.4% to 71,343,502 worth a total of 1.7 trillion drams, up 23, 84% from the first half of 2021.

The number of transactions made in Armenia with foreign-issued cards also grew by 30.1% to 3,523,467 worth 132.9 bln drams, up 8.4%.

In total, according to the Union of Banks of Armenia, in the first half of 2022 the number of issued payment cards rose by 3.5% to 2,798,236. Compared to 2011, their number surged by 186.2%. ($1 – 404.82 AMD) -0-

spot_img

POPULAR

Yerevan budget revenues executed 103.6% in January 2026 — Municipality

Yerevan's budget revenues in January 2026 amounted to 7.2 billion drams, compared to the planned 6.9 billion drams, Acting Head of the Revenue Accounting and Collection Department of the Yerevan Municipality, David Hakobyan, announced at a working meeting on Monday.

Union of Banks of Armenia: cryptocurrency market is gaining momentum with 2-3 banks planning to obtain licenses

The Armenian cryptocurrency market is gaining momentum: 2-3 banks plan to obtain separate licenses to handle these operations, Daniel Azatyan, head of the Union of Banks of Armenia (UBA), stated in response to a question from ARKA news agency.

VTB (Armenia) Opens Renovated Office in Ashtarak

A renovated VTB (Armenia) office has officially opened in Ashtarak. The ceremony was graced by the presence of the bank's management, partners, clients, and special guests from regional branches.

“Team Holding” CJSC’s bonds listed on Armenia Stock Exchange

One of Armenia’s diversified companies, “Team Holding” CJSC, is officially entering the capital market today by listing bonds on the Armenia Stock Exchange (AMX).

IV Conference Capital Markets Armenia to Take Place on March 13, 2026, in Yerevan

The IV Conference Capital Markets Armenia, an annual international event dedicated to the development of the capital market of the Republic of Armenia and its integration into the global financial system, will be held in Yerevan at the Marriott Hotel.

LATEST NEWS

spot_imgspot_imgspot_img