Mon, 27 October
8.1 C
Yerevan
USD: 383.05 RUB: 4.73 EUR: 444.80 GEL: 141.19 GBP: 510.03

Dram deposits in Armenian banks grew by half percent in August to 327.5 billion

YEREVAN, October 17. / ARKA /. The amount of deposits in Armenia’s national currency, the dram, kept at 21 Armenia-based banks grew by 0.5 percent in late August from the previous month to 327.5 billion drams, the Central Bank of Armenia said in a statement posted on its official website.
It said About 95% of the deposits in drams (311 billion drams) were owned by resident depositors.

According to the Central Bank, demand deposits of residents made 43.6% of the total amount, standing at over 142.9 billion drams, by 2 percent less than in July. Time deposits accounted for 51% of the total volume of deposits in drams standing at more than 168.1 billion drams in late August.

The amount of deposits in foreign currency increased in August by 5.4 percent when compared with the previous month to an equivalent of 795.8 billion drams. ($ 1 – 407.69 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img