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  • Archive for May 26th, 2020

    Cashless transactions in Armenia grew by 23 percent in first quarter to 592 billion drams

    Tuesday, May 26th, 2020

    Cashless transactions made by using plastic cards increased by 22.9% in Armenia in the first quarter of 2020 to 592 billion drams, the Executive Director of the Union of Banks of Armenia Seyran Sargsyan told reporters during an online press conference today

    Net individual money transfers to Armenia in first quarter of 2020 down by 16.7% to $87 million

    Tuesday, May 26th, 2020

    The net amount of individual money transfers sent to Armenia in the first quarter of 2020 decreased by 16.7% to $87 million, the Executive Director of the Union of Banks of Armenia Seyran Sargsyan told reporters during an online press conference on Tuesday

    Armenian banks' loan portfolio grew by 0.5% in first quarter of 2020 reaching 3 trillion and 762 billion drams

    Tuesday, May 26th, 2020

    Seventeen Armenian commercial banks’ loan portfolio grew by 0.5% or 19 billion drams in the first quarter of 2020 reaching 3 trillion and 762 billion drams, up from 3 trillion and 743 billion drams at the end of 2019, Executive Director of the Union of Banks of Armenia Seyran Sargsyan told reporters during an online press conference on Tuesday

    Armenian banking system’s total capital increased 2.1% in 1st Q 2020 to 862 billion drams

    Tuesday, May 26th, 2020

    The total capital of the banking system of Armenia for the first quarter of 2020 increased 2.1% to 862 billion drams, Seyran Sargsyan, executive director of the Union of Banks of Armenia, told reporters at an online press conference on Tuesday