Wed, 11 June
22.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Time deposits of individuals and private businesses in Armenia increased by 37.3% to 350.5 billion drams

YEREVAN, August 24. /ARKA/. The volume of time deposits attracted from individuals and private businesses in Armenia in the first half of 2011 compared to the same period in 2010 increased by 37.3% making over 350.5 billion drams.

According to the interim financial statements of the banks for the second quarter of 2011, the leader in this indicator is Unibank which accounts for 13.5% of time deposits (over 47.3 billion drams) attracted from the individuals and private businesses by the banking system of Armenia. In the total liabilities of Unibank the share of this indicator is 49.04%.

The five banks by this indicator are: HSBC Bank Armenia (about 35.1 billion drams), Armbusinessbank (over 35 billion drams), Bank VTB (Armenia) (about 32.7 billion drams) and Ardshininvestbank (over 31.9 billion drams).

According to the agency “ARKA”, total volume of deposits of individuals and private businesses in the banks of Armenia on June 30, 2011 was about 468.4 billion drams, of which more than 117.8 billion drams were called for deposits of individuals and private businesses. Total liabilities of the banking system of Armenia in the same period amounted over 1410.8 billion drams.

As of June 30, 2011 in Armenia operated 21 banks with 417 branches. ($1 – 367.22 drams). -0-

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

Dollar and euro exchange rates to the Armenian dram fell again, while the ruble rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 4, 2025, fell again by 0.1 points compared to June 3 and amounted to 383.76 drams.

AMX introduces remote membership model, opening doors to international investors

The Armenia Securities Exchange (AMX) and the Central Depository have introduced a Remote Membership model, which is aimed at providing access to foreign investors to the Armenia Securities Exchange, the press service of the exchange reported.

LATEST NEWS

spot_imgspot_imgspot_img