Time in Yerevan: 11:07,   28 May 2024

Around 16,000 non-residents open bank accounts in Armenia

Around 16,000 non-residents open bank accounts in Armenia

YEREVAN, MAY 3, ARMENPRESS. Around 16,000 non-residents have opened new bank accounts in Armenian banks, the Central Bank Governor Martin Galstyan said at a news conference.

He said that most of these non-residents are Russian residents.

Galstyan said that in accordance to globally accepted rules of banking, non-residents are under higher supervision.

“The Armenian banking system is working very accurately in the current situation in terms of maintaining all international norms. At the same time we see that under these norms we have not only citizens of Russia, but also citizens of other countries, who, upon entering the bank and proving that the center of their economic interest is being relocated to Armenia, have the opportunity to open accounts in Armenian commercial banks and be serviced in the Armenian banking system. The number of such customers, if I am not mistaken, is currently around 16 thousand,” Galstyan said, adding that most of them are Russian residents.



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