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

State Revenue Committee of Armenia discussed tax regulation of crypto assets with market participants

The State Revenue Committee of Armenia held a discussion with market participants on tax regulation of the cryptocurrency sector, the press service of the State Revenue Committee of Armenia reported.

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

Acba Bank summarized 2025 results with impressive figures

At its annual general meeting of shareholders, Acba Bank summarized the results of 2025 with impressive figures and set new targets for the current year.

Market capitalization increased by 27.4% in May, exceeding 478 billion drams – Armenia Securities Exchange

Equity market capitalization increased by 27.4% in May 2026, exceeding 478.8 billion drams, the press service of the Armenia Securities Exchange (AMX) reported.

LATEST NEWS

spot_imgspot_imgspot_img