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

Euro rose against the Armenian dram, while the dollar and ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on March 16, 2026, fell by 0.13 points compared to March 13, to 377.41 drams.

Armenia’s gross reserves rose to $5.5 billion in February, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased, reaching $5.5 billion at the end of February, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

LATEST NEWS

spot_imgspot_imgspot_img