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

Pashinyan: Armenian citizens received 95 billion drams in income tax refunds in 2025, and 78.6 billion drams in 2026

In 2025, Armenian citizens received 95 billion drams (approximately $263 million) in income tax refunds on mortgage loans, and 78.6 billion drams since the beginning of 2026.

Net inflow of remittances to Armenia from abroad almost doubled in 9 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, exceeded $2 billion in January-September 2026, compared to $1.02 billion in January-September 2025, according to a report from the Central Bank of the Republic.

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

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, decreased by 0.16 points to 360.14 drams on October 29, 2026, compared to October 28.

Central Bank of Armenia warned of a new fraudulent scheme involving forged powers of attorney and certificates

The Central Bank of Armenia is warning citizens about the increasing incidence of fraud using forged documents allegedly issued by the regulator.

Armenia’s fiscal policy in 2027 will restrain aggregate demand: Central Bank Governor

Armenia's fiscal policy in 2027, if economic growth remains slightly above the long-term sustainable level, will have a certain restraining effect on aggregate demand, stated Central Bank Governor Martin Galstyan, presenting the regulator's conclusion on next year's draft state budget to parliament.

LATEST NEWS

spot_imgspot_imgspot_img