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Number of clients rises to 1.85 mln at Armenia’s banks in August

YEREVAN, November 5. /ARKA/. Number of customers at Armenian commercial banks was 1,854,109 as of August 2013, a 22.2% increase against the same period of the year before and a 3% increase compared to July, ArmStat reports.

Number of legal entity customers was 75,600 at the end of August, an increase of 6% compared to September 2012. Number of individual clients rose by 23% to 1,778,500 people.
There were over 3,110,900 account numbers at commercial banks of the country as of the end of August (69.7% increase).

Personal bank account numbers totaled 2,947,400, an increase of 72.6% compared with August 2012. There were 163,500 bank accounts held by legal entities in the period (29.4% increase).
Bank VTB (Armenia) joint accounts cover 3,469,462 customers.

Balance of deposits from the population was around 734.4 billion drams by the end of September, which is an increase of 7.9bln drams or 1.1% over the month, and an increase of 24.8% or 145.9bln drams compared with the same period of the year before. ($1=405.29drams). –0–

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

Armenia’s 1.5% inflation in December is the highest since April – WB

Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Euro exchange rate plunges by 4.12 points to AMD 414.32

The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

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