YEREVAN, February 25. /ARKA/. The volume of time deposits of individual customers and private entrepreneurs in Armenian banks surged by 22.3% in 2010 to 303.3 billion Drams, according to the banks’ financial reports for the fourth quarter of the past year.
The leading bank by this indicator was Unibank that accounted for 14.25% (43.2 billion Drams) of the combined time deposits of all banks attracted from individuals and private entrepreneurs. They also made 43.43% of Unibank’s own liabilities.
The list of top five banks in terms of individual and private entrepreneur time deposits size comprised also HSBC Bank Armenia -35.9 billion Drams, Armbusinessbank -28.4 billion Drams, Ardshininvestbank- 28.1 billion Drams and Bank VTB (Armenia) -27.7 billion Drams.
According to an analysis made by ARKA, as of December 31, 2010 the combined deposits of individuals and private entrepreneurs in the banks stood at 406.1 billion Drams, of which 102.8 billion Drams were call deposits. The aggregate liabilities of the banking system stood at 1.237.2 trillion Drams. There are 21 banks in Armenia and 407 branches. ($1 – 365.71 Drams). -0-
