Sun, 19 October
18.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Aggregate deposits in Armenian banks increased by 12.4% in quarter one to 1. 279.3 trillion drams

YEREVAN, May 17. / ARKA /. The aggregate  amount of deposits kept by Armenian corporate and individual customers as well as private entrepreneurs in banks increased by 12.4%  in the first quarter of 2013 to 1. 279.3 trillion drams.

According to ARKA news agency’s  bulletin “Banks of Armenia in the I quarter of 2013,” the top five banks in terms of total customer deposits comprised  Ameriabank, HSBC Bank Armenia, Ardshiinvestbank, VTB Bank (Armenia) and Unibank, which accounted for about half of all deposits.

The amount of deposits in Ameriabank increased by 14.57% from the previous quarter to about 186.3 billion drams. It was s followed by HSBC Bank Armenia with 143.2 billion drams worth customer deposits, which grew by 11.2% from the previous quarter.

Ardshiinvestbank’s  deposits saw a 9.52 percent increase from the previous quarter to 121.8 billion drams. Deposits in VTB Bank (Armenia)  increased by 9.08%  to about 116.2 billion drams. Deposits in Unibank increased by 8.6% to 110 billion drams. Twenty-one Armenian banks  operate 465 branches across the country. ($ 1 – 416.69 drams). -0-

spot_img

POPULAR

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

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