YEREVAN, May 2. /ARKA/. At the end of March 2012 the combined amount of savings deposits in Armenian national currency, the drams, kept at 21 locally-based commercial banks amounted to 328 billion drams, having increased by 45.4% over the same period of 2011, the Central Bank of Armenia said in a statement. It said about 95.5% of all savings deposits (313.2 billion drams) were owned by residents. According to the statement, 45.7% or 150 billion drams were demand deposits, by 21.6% more than in 2011 March.
Time deposits accounted for 48.8% of residents’ savings deposits standing at the end of March at more than 163.1 billion drams. The figure represented a 75% increase from a year earlier. The amount of savings deposits in foreign currency during the reporting period of time increased by 13.7% to about 686.3 billion drams. ($ 1 – 392.06 drams). -0-
