Total deposits at Armenian commercial banks decrease by 1.65% in late February to 1.728.4 trillion drams

YEREVAN, April 1. / ARKA /. The total amount of deposits kept at 21 Armenian commercial banks was 1.65% down in late February when compared to the beginning of the year being worth approximately 1.728.4 trillion drams, according to the Central Bank, which said also the deposits were down 0.06 percent when compared with January.

According to the Central Bank, private deposits grew by 0.9% to 1.331.8 trillion drams. Deposits in the national currency, the dram, were worth 481.6 billion drams (1.8% rise from January), while deposits in foreign currency were equivalent to 850.2 billion drams (a 0.4% growth).

According to official data, private demand deposits stood at about 388.9 billion drams in late February, including 170.8 billion drams deposits in the national currency and 218 billion drams in foreign currency.

Private time deposits stood at 942.9 billion drams, including 310.7 billion drams in the national currency and the equivalent of 632.1 billion drams in foreign currency. ($ 1- 471.33 drams). – 0-

spot_img

POPULAR

Euro and ruble exchange rates against the Armenian dram rose, while the dollar weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 11, 2026, decreased by 0.05 points compared to May 8, to 368.96 drams.

Assets of Armenian credit institutions increased by 11.87% to 882.4 billion drams in the first quarter of 2026

The total assets of Armenia's credit institutions as of March 31, 2026, amounted to 882.4 billion drams, an increase of 11.87% compared to March 31, 2025. This is evidenced by the consolidated financial report of the country's credit institutions.

A New Level of Insurance Innovation: The Armenian Bureau of Motor Insurers and GAIP Sign a Cooperation Agreement

The Armenian Bureau of Motor Insurers and the international organization Global Association of InsurTech Professionals (GAIP) signed a cooperation agreement on Monday in the field of compulsory motor insurance (CMTPLI) and insurance technologies.

Investment portfolio of Armenian credit institutions in the first quarter of 2026 exceeded 100.6 billion drams

The total investment portfolio of Armenian credit institutions in the first quarter of 2026 amounted to 100.6 billion drams, according to the consolidated financial report of the country's credit institutions.

Union of Banks: SMEs account for approximately 37% of Armenia’s economy and receive 60% of business loans

Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img