AMD 901.6 billion attracted by Armenia’s commercial banks in October as deposits

YEREVAN, November 29. /ARKA/. Armenia’s commercial banks attracted AMD 901.6 billion in October as deposits, according to the report available on the central bank’s official website.

This amount is 2.8% larger than that of the previous month and 28.4% greater, compared with the beginning of this year.

Deposits in the national currency grew 4.1% in October, compared with September, to AMD 273.6 billion, and those in foreign currencies grew 3% to AMD 628 billion. ($1 – AMD 383.17).-0—

spot_img

POPULAR

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 3, 2026, fell by 0.01 points compared to June 2, to 368.52 drams.

Collapse of the US currency market could negatively impact Armenia – Central Bank

A collapse of the US currency market could negatively impact the Armenian market, stated Martin Galstyan, Governor of the Central Bank of Armenia.

VTB (Armenia) Develops Telemarketing as a Modern Remote Service Channel

VTB (Armenia) is developing its telemarketing strategy, taking remote banking to a new level.

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

Net inflow of remittances to Armenia from abroad increased approximately 2.7-fold in four months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $728.1 million in January-April 2026, compared to $273.4 million in January-April 2025, according to a report from the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img