{"id":250968,"date":"2023-06-23T11:06:49","date_gmt":"2023-06-23T11:06:49","guid":{"rendered":"https:\/\/armbanks.am\/2023\/06\/23\/250968\/"},"modified":"2023-06-23T11:06:49","modified_gmt":"2023-06-23T11:06:49","slug":"armenian-investment-company-armbrok-earned-amd-4-5-bln-in-first-quarter-thanks-to-russians","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/06\/23\/250968\/","title":{"rendered":"Armenian investment company Armbrok earned AMD 4.5 bln in first quarter thanks to Russians"},"content":{"rendered":"\n<p><strong>YEREVAN, June 23. \/ARKA\/. <\/strong>Armenian investment company Armbrok earned 4.5 billion drams (about $11.6 mln) in net profit in the first quarter of this year, according to its statements. Net commission income totaled 2.9 billion drams (about $ 7.5 million), compared to only 33 million drams (about $85,500) earned over the same period in 2022, reports forbes.ru.<\/p>\n\n\n\n<p>Frank Media reports that last year\u2019s earnings of the company were quite modest, with net losses of 20 million drams (about $ 51.8 thousand) in the first quarter of 2022.<\/p>\n\n\n\n<p>The indexes of the investment company have considerably improved since the summer. Last year, in July-August, its e profit saw a sharp rise reaching 1.3 billion AMD ($3.4 million), 17 times more than in the second quarter.<\/p>\n\n\n\n<p>The investment company said the relocation of tens of thousands of foreigners to Armenia, &#8220;especially those from Russia,&#8221; gave a strong push to business development. The company admits that thanks to the knowledge, experience and connections of &#8220;experienced non-resident traders,&#8221; it got &#8220;access to new markets and new types of trading activities.&#8221;<\/p>\n\n\n\n<p>According to the Central Bank of Armenia, individual remittances sent to Armenia from abroad through the banks in the 1st quarter of 2023 amounted to about $1.6 bln with a 3-fold increase compared to the same period last year.<\/p>\n\n\n\n<p>Money transfers from Russia in the first three months of this year totaled $1.2 bln against about $239 mln in the same period last year, a more than fivefold increase.<\/p>\n\n\n\n<p>Armbrok OJSC was founded in 1994. It was registered and licensed by the Central Bank of Armenia as an investment company in 2008. It is a full member of Armenian Securities Exchange and Unified Securities Settlement System. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian investment company Armbrok earned 4.5 billion drams (about $11.6 mln) in net profit in the first quarter of this year, according to its statements. Net commission income totaled 2.9 billion drams (about $ 7.5 million), compared to only 33 million drams (about $85,500) earned over the same period in 2022, reports forbes.ru<\/p>\n","protected":false},"author":1,"featured_media":201517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12147,9216],"tags":[],"class_list":{"0":"post-250968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bonds-am-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=250968"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/201517"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}