Armenian development bank’s deposit portfolio grows to AMD 22.6 billion

Banks
ADB

YEREVAN, April 27. /ARKA/. Armenian Development Bank’s deposit portfolio grew by AMD 12.4 billion or 122% in the first quarter of this year, compared with the same quarter a year before, and amounted to AMD 22.6 billion in late March, the bank’s press office told ARKA News Agency on Friday.

Individuals’ deposits here reached AMD 18.2 billion in late March after growing 137% over one year, and those of legal entities grew 75% to AMD 4.4 billion.

Armenian Development Bank offer a new deposit, Maximum, promising maximal interest rates – 14% for deposits in drams, 10% for dollar deposits and 8% for euro deposits.
Deposits are accepted until May 31, 2012.

Armenian Development Bank was established in 1990. Ruben Hayrapetyan holds 19.98% of the bank’s shares, Araik Mekhakyan 16.95%, and the remaining 16.03 belongs to Grikor Termenjyan. ($1 – AMD 29). -0–

spot_img

POPULAR

Banks

Central Bank of Armenia and banks are ready to tighten mechanisms to combat telephone fraud – Galstyan

The Central Bank of Armenia, together with banks, is ready to introduce stricter mechanisms to prevent telephone fraud, stated regulator head Martin Galstyan, responding to a question from the ARKA news agency.
Economy

Armenia’s gross reserves rose to $5.5 billion in February, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased, reaching $5.5 billion at the end of February, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."
Announces

Food and non-alcoholic beverages accounted for approximately 59% of Armenia’s inflation in February – WB

n February, inflation in Armenia rose to 4.3% (y/y) from 3.8% (y/y) in January. According to the World Bank's "Armenia Monthly Economic Update – March 2026," food and non-alcoholic beverages continued to be the largest contributors, increasing in price by 6.5% and contributing approximately 59% to overall inflation.
Announces

In January, commercial bank deposits in Armenia decreased by 0.3%, while lending expanded by 1.1% – WB

In January 2026, commercial bank deposits in Armenia decreased by 0.3% (MoM), while loans grew by 1.1% (MoM), according to the World Bank's "Armenia Monthly Economic Update – March 2026."
Announces

Armenia and IMF discuss a new standby arrangement

Armenian Deputy Prime Minister Mher Grigoryan and International Monetary Fund (IMF) Deputy Managing Director Marnix von Rey noted the importance of approving a new standby arrangement with the IMF and its full implementation.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Armenian commercial banks’ aggregate mortgage loan portfolio reaches AMD 112.4 billion in late March
Next article
ARKA News Agency -16 years old
ARKA News Agency -16 years old