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

Central Bank of Armenia increased the countercyclical capital buffer for banks to 2.25%

The Board of the Central Bank of Armenia has decided to increase the countercyclical capital buffer for banks by 0.25 percentage points, setting it at 2.25% of risk-weighted assets.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.26 points to 360.88 drams on October 26, 2026, compared to October 23.

Armenia plans to significantly increase capital expenditure on infrastructure — Ministry of Finance

Armenian Finance Minister Vahe Hovhannisyan and Asian Development Bank (ADB) Vice President Wempi Saputra discussed prospects for expanding cooperation, including in infrastructure investment and promoting the export of Armenian products.

Sevak Mikayelyan elected as a member of the Board of the Central Bank of Armenia

The National Assembly of Armenia elected Sevak Mikayelyan as a member of the Board of the Central Bank of Armenia.

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of COP17

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17).

LATEST NEWS

spot_imgspot_imgspot_img