YEREVAN, July 25. / ARKA /. The volume of deposits attracted by Armenian commercial banks in the national currency, the Dram, grew to 228.7 billion drams at the end of May having increased by 4.9% from the previous month, according to a statement posted on the official website of the Central Bank of Armenia. Some 96.2% or 220.1 billion Drams were deposits of residents.
According to the statement, demand resident deposits accounted for 55.8% of all deposits standing at the end of May at 122.8 billion Drams. Their share grew by 8.8% from April 2011.
The statement says also time deposits accounted for 44.2% of all resident deposits standing at 97.3 billion Drams.
Their share grew by 0.7% from April. The volume of deposits in foreign currency (denominated in Dram) in May fell by 0.01% from April to 528.7 billion Drams. There are 21 commercial banks in Armenia. ($ 1 – 366.33 AMD). -0-
