Tue, 1 July
24.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

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 to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img