Mon, 25 August
28.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Remittances to Armenia in January–April 2025 remained at historic high of $1.8 billion, according to EDB

YEREVAN, June 24. /ARKA/. In January-April 2025, the inflow of cross-border remittances to Armenia increased by 6% year-on-year to $1.8 billion, maintaining its historic high, according to a Eurasian Development Bank’s macroeconomic forecast for seven participating countries for 2025-2027.

“About half of the growth was provided by remittances from the Russian Federation. At the same time, during the same period, the outflow increased by 11.4% year-on-year, mainly to Switzerland. The net inflow of non-commercial money transfers, which include transfers to households and transfers from migrant workers, increased by 24% year-on-year in January–March,” the macro forecast states.

It is noted that in 2022, 2023, and 2024, the inflow of cross-border money transfers from individuals to Armenia amounted to $5.1 billion, $5.6 billion, and $5.8 billion, respectively, compared to an average of $2 billion per year in 2019–2021. At the same time, the outflow intensified in 2023 and 2024. -0-

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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img