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    November 2022
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  • Archive for November 28th, 2022

    Money transfers to Armenia grow by 125% in 9 months to $3.5 billion

    Monday, November 28th, 2022

    Individual money transfers to Armenia processed by local banks as of late September 2022 increased by approximately $1.9 bln or 125% from September 2021 to $3.5 bln, the Union of Banks of Armenia (UBA) said in a report

    Armenian banks’ securities portfolio amounted to 365 billion drams at the end of September

    Monday, November 28th, 2022

    The portfolio of securities issued by Armenia’s banks in the first half of 2022 totaled 365 billion drams, according to the Union of Banks of Armenia (UBA)

    Armenian banking sector secures profit of 187.8 billion drams in 9 months - UBA

    Monday, November 28th, 2022

    All seventeen Armenia-based commercial banks earned 187.8 billion drams in profits in the first 9 months of 2022, by 121.5 billion drams (or 183.3%) more from the same time span of 2021, according to the Union of Banks of Armenia (UBA)

    Russian BKS bank resumes money transfers in USD to Armenia

    Monday, November 28th, 2022

    Russian BKS bank has resumed foreign currency transfers in U.S. dollars to Armenia, TASS news agency reported quoting the credit institution