Tue, 8 April
12.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Commercial banks’ deposits grow by 3.1% in February to total of 718.9 billion drams

YEREVAN, March 29, / ARKA /. The Central Bank of Armenia (CBA) said commercial banks’ deposits grew by 3.1% in February from January to a total of 718.9 billion Drams. According to CBA, Armenian residents’ deposits stood at 602.4 billion Drams making 83.8% of the total amount and non-residents deposits stood at 116.5 billion Drams or 16.2% of the total amount.

Judging from the report, residents preferred deposits in foreign currency, which at the end of February comprised, if denominated in Armenia’s national currency, 392.1 Drams or 54.5% of all deposits, by 1.4% more than in January. Deposits in Drams comprised 210.3 billion or 45.5%, by 5.2% more than in January. Non-residents also preferred deposits in foreign currency which stood at 109.1 billion Drams and 7 billion were in Drams. ($1 – 368.09 Drams).-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

LATEST NEWS

spot_imgspot_imgspot_img