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  • Archive for May 19th, 2021

    Non-cash transactions continue to grow in Armenia

    Wednesday, May 19th, 2021

    The number of non-cash transactions in Armenia has grown by 73.5% over the last 12 months, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Wednesday.

    Total capital of 17 Armenia-based commercial banks in the first quarter of 2021 stood at 913 billion drams

    Wednesday, May 19th, 2021

    The total capital of 17 Armenia-based commercial banks in the first quarter of 2021 stood at 913 billion drams, Executive Director of the Union of Banks of Armenia Seyran Sargsyan said at a press conference on Wednesday

    Armenian banks' lending grew by 6.9% y-o-y in first quarter, 2021

    Wednesday, May 19th, 2021

    Armenian banks’ overall lending stood at 4.14 trillion drams in late March 2021, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Wednesday

    Money transfers to Armenia in Q1 grew to $406 million

    Wednesday, May 19th, 2021

    Individual money transfers to Armenia in the first quarter of 2021 grew by 14.7% or $52 million to $406 million, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Wednesday

    USD 25 million Loan Agreement to reduce inequalities

    Wednesday, May 19th, 2021

    AraratBank and FMO, the Dutch entrepreneurial development bank — highlighting the financial inclusion — signed a loan agreement for a total amount of USD 25 million