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Deposits at armenian banks grow 40.6% to AMD 1011.2 billion

YEREVAN, March 27./ARKA/. Deposits at Armenian banks totaled about AMD 1011.2 billion in late February 2012 after growing 40.6% since the same month a year before.
According to the information available on the central bank’s website, deposits in drams grew 43.4% over the period between Feb 2011 and the same month a year later to more than AMD 312.2 billion.
Deposits in foreign currencies grew 39.5% over twelve months reaching AMD 699 billion in late February 2012.
Residents’ deposits accounted for 77% of all deposits in drams (AMD 778.5 billion) in February 2012 after reducing by 6.8 percentage points, compared with the same month a year earlier.
Twenty one registered commercial banks operated in Armenia in late February 2012. ($1 – AMD 388.64). -0—

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