Volume Of Dram Deposits In Banks Of Armenia Increased In October By 2.5% To 273.6 Billion Drams

YEREVAN, December 5. /ARKA/. Volume of dram deposits attracted by the commercial banks of Armenia were 273.6 billion drams at the end of October 2011 increased, compared to the previous month by 2.5%, states the site of Central Bank of Armenia.

The share of residents is about 96.2% of all the attracted drams deposits (263.1 billion drams).
According to the report, call deposits of the residents were 52.7% making 144.2 billion drams in the total volume of deposits. This indicator in October compared to September increased by 1.3%.

Time deposits of the residents were 43.5% of total volume of the attracted dram deposits making 118.9 billion drams. Increase of this indicator in October was 3.7%.

Volume of foreign currency deposits in the reporting period increased by 3% making about 628 billion drams at the end of October.

As of December 30, 2011, 21 commercial banks operate in Armenia. ($1 – 381.22 drams).–0–

spot_img

POPULAR

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

Ranking of most profitable banks in Armenia based on results of first quarter of 2026

ARKA News Agency has published a ranking of the most profitable banks in Armenia based on the results of the first quarter of 2026.

In February, commercial bank deposits in Armenia decreased by 0.2%, while lending expanded by 0.9% — World Bank

In February 2026, commercial bank deposits in Armenia decreased by 0.2% (MoM), while lending grew by 0.9% (MoM), according to the World Bank's "Armenia Monthly Economic Update – April 2026."

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

LATEST NEWS

spot_imgspot_imgspot_img