Monday, August 17, 2009


Aug 14, 2009

YEREVAN, August 14. /ARKA/.
The total amount of private non-commercial transfers to individuals through Armenia's commercial banks amounted to 74bln AMD in the second quarter of 2009,the press-service of the Central Bank of Armenia (CBA) reported.

According to the statistics, the indicator increased sharply by 68% or 30bln AMD against the first quarter of 2009.

At the same time it decreased by 25% or 24bln AMD against the second quarter of previous year.

A total of 83.8bln AMD was transferred to Armenia by commercial banks through international systems of fast money transfers without opening an account in the Q2 2009, 8.6 times more against transfers from Armenia. The number of transfers to Armenia was 383,725.

In the period under review the average amount of one transfer totaled 218,000 AMD, an increase of 30,000 AMD against the first quarter.

Aggregate money transfers to Armenia through correspondent accounts of banks (through SWIFT, Telex, fax) amounted 525bln AMD in Q2 while their number totaled 43,850. Average transfer increased by 44% and amounted to 12mln AMD.

In the second quarter of this year payment organizations rendering money transfer services paid 1.1bln to their clients and transferred 0.1bln AMD abroad. The average transfer through these organizations amounted to 87,000 AMD.

Individuals=2 0of Armenia received a total of 125.3bln AMD through commercial banks and money transfer organizations, an annual increase of 28.7% (increase of 45% against Q1). Money transfers to other countries decreased by 48% to 47.86bln AMD (an increase of 9.6% against Q1.

Money is transferred to Armenia through commercial banks in Armenia and money transfer organizations licensed by the Central Bank. According to the CBA, in the second quarter of this year the commercial banks of Armenia are members of 19 international payment systems (Unistream, Anelik, Contact, Migom, Money Gram, etc). ($1 - 370.75AMD).

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