Deposits in 21 commercial banks of Armenia amounted to more than 1.123 trillion drams late in August

YEREVAN, October 11. / ARKA /. The amount of deposits kept by all 21 commercial banks of Armenia at the end of August amounted to more than 1.123 trillion drams growing by 3.9% from July,  the Central Bank of Armenia said in a statement.

It said also the amount of deposits in the national currency, the dram,  rose by 0.5 percent from July to 327.5 billion drams. The deposits in foreign currencies were said to have increased by 5.4% to 796 billion drams.

Some 95% of all dram deposits (311 billion drams) were owned by  residents. This figure compared with July  did not change. ($ 1 – 406.78 drams).  -0-

spot_img

POPULAR

Ranking of the Most Profitable Armenian Banks for the First Quarter of 2026

ARKA News Agency has published a ranking of the most profitable Armenian banks for the first half of 2026.

T-Bank customers in Armenia can now pay for purchases using QR codes

T-Bank customers in Armenia can now pay for purchases using QR codes through the mobile app, the bank's press service announced.

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May — World Bank

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May 2026 compared to the same period last year, according to the World Bank's Armenia Monthly Economic Update – July 2026.

Yerevan’s budget revenues for January-June exceeded the target by 10.3%

As of June 30, 2026, Yerevan's budget revenues amounted to 49.2 billion drams, compared to the planned 44.6 billion drams for January-June, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

LATEST NEWS

spot_imgspot_imgspot_img