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

Armenian Government Approves 2027 State Budget Draft

At its meeting on Thursday, the Armenian government approved the draft law "On the State Budget of the Republic of Armenia for 2027," which will be submitted to the National Assembly in accordance with established procedure.

Unibank Issues AMD and USD Bonds with Annual Coupon Rates of 10.3% and 6%

Unibank has issued bonds denominated in AMD and USD, with annual coupon rates of 10.3% and 6%, respectively.

Team Holding Raises Approximately $35 Million on the Armenian Capital Market via Bond Issuance

Team Holding has completed its corporate bond public offering program in Armenia, raising funds equivalent to approximately $35 million.

Approach to financial education must focus on people’s well-being – Head of the Central Bank of Armenia

A modern approach to financial education must go beyond the mere transfer of knowledge and focus on actual financial behavior and people's well-being, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

VTB (Armenia) offers corporate clients effective solutions for managing idle funds

VTB (Armenia) offers a range of three deposit products for corporate clients, each with different terms for placing funds.

LATEST NEWS

spot_imgspot_imgspot_img