Thu, 15 January
-2.9 C
Yerevan
USD: 380.33 RUB: 4.84 EUR: 443.24 GEL: 141.16 GBP: 511.62

Deposits at Armenia’s commercial banks grows 2.4% to AMD 1 801 billion in May

YEREVAN, July 3. /ARKA/. The total amount of deposits at Armenia’s commercial banks reached AMD 1 801 billion by late May 2015 after growing 2.4% over the month, the National Statistical Service of Armenia reports.

According to the Central Bank of Armenia, residents’ deposits in the commercial banks grew 2.56% in May to AMD 1 378.2 billion – their deposits in drams amounted to AMD 497.9 billion (0.3% growth) and deposits in foreign currencies to AMD 880.3 billion (3.9 growth).

Residents’ demand deposits totaled AMD 404.8 billion in late May – AMD 182.6 billion in drams and AMD 222.2 billion in foreign currencies.

Their time deposits amounted to AMD 973.4 billion, of which AMD 315.3 billion were deposits in drams and AMD 658 billion in foreign currencies.

Armenia has 21 registered commercial banks now. ($1 – AMD 472.45). –0–

spot_img

POPULAR

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ministry of Finance has identified cases in which the 2% cashback will not be awarded for payments made with ArCa cards

The Armenian Ministry of Finance has clarified which non-cash transactions made with ArCa payment system cards will not be eligible for cashback.

LATEST NEWS

spot_imgspot_imgspot_img