ArmInfo.The banking system of Armenia completed H1 2022 with a net profit of 111 billion drams, with a 2.7-fold y-o-y increase. Seyran Sargsyan, executive director of the Union of Banks of Armenia, announced this during a press conference on August 26.
At the same time, he drew attention to the fact that the profit was formed mainly due to trading transactions rather than from lending interest income. In particular, during the reporting period, interest income amounted to 280.4 billion drams (with a y-o-y growth of 7.7%), and non-interest income - 189.3 billion drams (with a 3.5-fold y-o-y increase).
Sargsyan caused such growth due to the fact that a large number of foreign citizens moved to Armenia, who also moved their income here, started business here, opened more than 20,000 accounts in Armenian banks. At the same time, according to him, a high growth in tourist flow was recorded. However, he stressed that such phenomena are temporary, since the current situation is due to specific circumstances.
It should be noted that in the first half of the year, according to statistical data, 653,058 people arrived in Armenia from abroad, with an increase of 93.3% over the year, and 636,979 people left Armenia, with an annual increase of 68%. Thus, the positive balance amounted to 16,079 people.
According to the source, during the reporting period, 3,770 foreign citizens received residence permits in Armenia, of which 2,319 have a temporary status, and 1,451 respectively have a permanent status. At the same time, the overwhelming majority of those who received a residence permit are citizens of the Russian Federation - 1,059 people (257 - temporary status, 802 - permanent status). During the reporting period, 588,731 tourists visited Armenia for tourism purposes, which is 2.4 -fold higher than a year ago.
