Thu, 6 March
10.1 C
Yerevan
USD: 394.58 RUB: 4.43 EUR: 425.79 GEL: 141.83 GBP: 507.86
spot_img

Money supply in Armenia grows 3.5% to AMD 925.9 billion

YEREVAN, May 2. /ARKA/. Money supply in Armenia grew 3.5% or by AMD 31.4 billion in March, compared with February, to AMD 925.9 billion, National Statistical Service of Armenia reports.

Cash outside of the banking system totaled AMD 278.2 billion in late March against 276.6 billion in late February.

Demand deposits in drams totaled AMD 126.8 billion against AMD 117.9 billion, and time deposits in drams amounted to AMD 103.2 billion against AMD 100.6 billion.

Deposits in foreign currencies totaled AMD 417.7 billion in late March against AMD 399.3 billion in late February.

The share of deposits in foreign currencies in money supply grew 0.47% to 45.11%.

Money multiplier lowered by 0.03 point to 1.83. ($1 = AMD 370.27). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img