Wed, 23 July
28.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Time deposits of individuals and private entrepreneurs increased by 24.3 % in 2013 to about 742.5 billion drams

YEREVAN, February 18. / ARKA /. Time deposits kept at 21 Armenian banks by individuals and private entrepreneurs increased by 24.3 % or 145 billion drams in 2013 to about 742.5 billion drams, according to the banks’ interim financial reports.

The largest bank in terms of individual time deposits was the Russian-owned VTB Bank (Armenia), which accounted  for 11.4% of all time deposits of individuals and private entrepreneurs – about 84.6 billion drams, which surged last year by 42.9%.

It was followed by Unibank – 78, 3 billion drams (up 19.03%) , Ardshininvestbank – over 70.9 billion drams (up 28.9%) , Ameriabank – 67.8 billion drams (up 44.7%), and ArmBusinessBank – more than 64.1 billion drams (down 5.1% ) .

According to ARKA data, the total amount of all deposits kept at banks by individuals and private entrepreneurs rose by 23 percent last year to more than 912 billion drams. Also their total liabilities last year amounted to more than 2. 469.8 trillion drams. ($ 1 – 411.79 drams). -0-

spot_img

POPULAR

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro and dollar rise against Armenian dram, as Russian ruble falls slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 14, 2025, increased by 0.23 points compared to July 11 and amounted to 384.14 drams.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

LATEST NEWS

spot_imgspot_imgspot_img