Households’ deposits in foreign currencies in Armenia grow 2.5% to AMD 573.5 billion in May

YEREVAN, July 11. /ARKA/. Households’ deposits in foreign currencies in Armenia’s commercial banks totaled AMD 573.5 billion in late May 2014 – 2.5% month-on-month growth, the Central Bank of Armenia reports on its website.

Households’ time deposits totaled more than AMD 484.2 billion and made up 84.4% of their total foreign currency deposits in late May after growing 0.7% over the month.

Dram deposits of Armenia’s households grew 1.8% to AMD 272 billion.

The total amount of deposits in Armenia’s commercial banks was AMD 1 630.7 billion in late May 2014 – 1.7% month-on-month growth.

Twenty one commercial banks operated in Armenia in late may 2014. ($1 – AMD 407.52). —0—

spot_img

POPULAR

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.

Acba Bank to Support Armenian Exports

To support the development of local producers, promote Armenian exports to various countries worldwide, and enhance the competitiveness of Armenian businesses, Acba Bank is offering the best export factoring terms currently available in Armenia until September 30.

Ranking of the Most Profitable Armenian Banks for the First Quarter of 2026

ARKA News Agency has published a ranking of the most profitable Armenian banks for the first half of 2026.

Euro and dollar exchange rates against the Armenian dram continued to decline, while the ruble rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram on July 24, 2026, fell by 0.08 points compared to July 23, to 365.87 drams.

“ML Fashion” issues bonds: distributor: “Cube Invest”

“ML Fashion” LLC, operating in Armenian fashion retail market, announces public issuance of nominal coupon bonds. The underwriter of the issue is “Cube Invest” investment company.

LATEST NEWS

spot_imgspot_imgspot_img