Some 800 million drams refunded to Armenian pensioners as cashback

YEREVAN, January 12. /ARKA/. Some 800 million drams have been refunded to Armenian pensioners in the form of cashback for cashless payments made by their cards over the last six months.

“Some 44 million drams were refunded  in July, 74.4 million in August, 118.7 million in September, 152.3 million in October, 185.6 million in November and 226 million drams in December 2022,” Armenian Prime Minister Nikol Pashinyan said at the government session today.

He noted that refunds were given to 76 thousand pensioners, who used their cards to make purchases and pay utility bills. He added that the average amount of a cashback is 3.4 thousand drams (per month).

“It turns out that for 76,000 people we have increased pensions, on average, by another 3,400 drams,” he said.

The government-designed scheme enabling pensioners to get cashback (no more than 5,000 drams a month) for cashless transactions was launched July 1, 2022.

Today this opportunity is available to senior customers of four Armenian banks – VTB Bank (Armenia), Ardshinbank, Armbusinessbank and Acba Bank. The government said earlier it will extend the scheme until June 30, 2023. ($1 – 395.96 AMD). –0—

spot_img

POPULAR

Armenian banks’ loan portfolio exceeded AMD 8.56 trillion in the second quarter, representing a 23.56% year-on-year increase

The total loan portfolio of Armenian banks as of June 30, 2026, exceeded AMD 8.56 trillion, representing a 23.56% increase compared to June 30, 2025, and a 6.8% increase compared to March 31, 2026.

Armenian banks increased net profit to 219.7 billion drams in the first half of the year

The combined net profit (after tax) of Armenian banks in the first half of 2026 amounted to 219.72 billion drams, compared to 200.7 billion drams in the same period of 2025, an increase of 9.48%.

Ranking of the Most Profitable Armenian Banks for the First Quarter of 2026

ARKA News Agency has published a ranking of the most profitable Armenian banks for the first half of 2026.

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May — World Bank

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May 2026 compared to the same period last year, according to the World Bank's Armenia Monthly Economic Update – July 2026.

Euro and dollar exchange rates against the Armenian dram continued to decline, while the ruble rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram on July 24, 2026, fell by 0.08 points compared to July 23, to 365.87 drams.

LATEST NEWS

spot_imgspot_imgspot_img