Thu, 30 October
8.1 C
Yerevan
USD: 382.62 RUB: 4.79 EUR: 445.68 GEL: 140.96 GBP: 505.75

Foreign currency household deposits 409.1 bln drams in Armenia by end August

YEREVAN, October 26. /ARKA/. Foreign currency household deposits in Armenian commercial banks totaled 409.1bln drams by the end of August 2012, the website of Armenia’s Central Bank reports.

According to the report, it is a 3.2 percent increase as compared with the month before.

Foreign currency time deposits by households were more than 341 bln drams by the end of August or about 83.3% of the overall foreign currency household deposits, a 4.3% increase compared to July.

Local currency household deposits were about 172.5bln drams in Armenia by the end of August, a 3.6% increase against the previous month.

Overall deposits in commercial banks were more than 1,123.3bln drams by August 31, which is a 4% increase against July.

Twenty-one commercial banks were registered in Armenia by the end of August 2012. ($1=405.25drams).–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.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img