Tue, 26 August
33.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Non-commercial net money transfers to Armenia from abroad contract by 44 percent (yoy) in May-WB

YEREVAN, 16 July. /ARKA/. Non-commercial net money transfers to Armenia from abroad  contracted by 44 percent (yoy) in May, driven by a 34 percent decline in inflows, according to the World Bank’s Armenia Monthly Economic Update – July 2024 review, published on Tuesday.

 Money transfer inflows from Russia fell by 55 percent (yoy) in May, explaining most of the contraction, and inflows from the US grew by 4 percent (yoy), albeit well below the 14 percent(yoy) observed in April (Figure 2). In April, total outflows of money transfers declined by 12 percent (yoy), with those to Russia contracting by 17 percent (yoy).

According to the Central Bank of Armenia, the net inflow of private  cross-border money transfers amounted to $121.8 in May.

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

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.

LATEST NEWS

spot_imgspot_imgspot_img