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

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

LATEST NEWS

spot_imgspot_imgspot_img