Deposits in Armenian commercial banks total AMD 1 013.9 billion

YEREVAN, February 24. /ARKA/. Deposits in Armenian commercial banks grew 45.3% in January 2012, compared with the same month a year earlier, to more than AMD 1 013.9 billion.

According to the information available on the central bank’s official website, deposits in drams totaled AMD 303 billion in late January 2012 after growing 46.2%, compared with Jan 2011, and deposits in foreign currencies exceeded AMD 710.9 billion in late January 2012 – 44.9% year-on-year growth.

Residents’ deposits totaled AMD 769.6 billion (8.2% year-on-year growth) and accounted for 75.9% of aggregate dram deposits in Armenian banks.

Twenty one commercial banks operated in Armenia in late January 2012. ($1 – AMD 389.34). -0—

spot_img

POPULAR

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

Record growth of Armenia’s reserves to $6.9 billion in June provided a buffer amid heightened geopolitical risks – S&P

Armenia's international reserves increased by approximately 40% year-on-year to a record $6.9 billion in June 2026, helping to strengthen the country's external reserves despite heightened geopolitical risks, according to a report by international rating agency S&P Global Ratings.

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

LATEST NEWS

spot_imgspot_imgspot_img