Armenian banks’ clientele base grew by 21.2 percent to 1.74 million

YEREVAN, July 1. /ARKA/. At the end of 2013 April the number of corporate and individual customers of Armenian banks grew by 21.2 percent from a year before to 1,746,909. Compared with the previous month of April their number grew by 3.2 percent, the National Statistical Service told ARKA.

Of them 72,600 were corporate clients (an increase of 3.8% from 2012 April), while the number of individual clients grew by 22.1 percent to 1, 674,300.

At the end of April 2013 the banks had 2.9 million accounts, by 70 percent up from a year before. The number of individual bank accounts rose by 73 percent to 2.74 million, while the number of corporate bank accounts grew by 30 percent to 158,000.

At the end of May the total amount of individual deposits grew by 9.3 billion drams (1.4 percent) from April 2013 to 699.8 billion drams and by 167.9 billion drams or 31.6 percent from a year before. ($1 – 409.09 drams). -0-

spot_img

POPULAR

VTB (Armenia) reports increased demand for agricultural lending products

VTB (Armenia) is reporting increased demand for its "Fast" loan product, designed for clients operating in the agricultural sector.

Net non-commercial remittances in Armenia accelerated to 16% in April – WB

Net non-commercial remittances in Armenia increased by 16% year-on-year in April from a low base in 2025, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

Stepan Gishyan Foundation’s grant competition results have been announced

The Stepan Gishyan Charitable Foundation has announced the results of its 2026 grant competition.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 24, 2026, fell by 0.15 points compared to June 23, to 367.93 drams.

Yerevan’s budget revenues exceeded targets by 9.7% for the first five months

As of May 31, 2026, Yerevan's budget revenues totaled 40.3 billion drams, compared to the planned 36.4 billion drams for January-May, reported David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

LATEST NEWS

spot_imgspot_imgspot_img