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Resident deposits in Armenian banks drop by 0.8 percent in august

YEREVAN, October 5. / ARKA /. In late August 2015 the overall deposits at 21 Armenian commercial banks stood approximately at 1.835.6 trillion drams, having decreased by 0.8% from the previous month, according to the latest numbers, released today by the National Statistical Service (NSS).

According to NSS data, resident deposits were by 0.8% down from the previous month standing at 1.422.1 trillion drams. Resident deposits in the national currency totaled 497.5 billion drams, a decline of 3.1% from July, while deposits in foreign currency grew by 0.4% to the equivalent of 924.6 billion drams.

Resident demand deposits stood at the end of August at about 417.7 billion drams, a 4% drop, while some 174.6 billion were in drams and the equivalent of 243.1 billion drams in foreign currency.

Resident time deposits were 0.5% higher from July standing at 1 trillion drams, of which 322.9 billion drams were in the national currency and 681.5 billion drams in foreign currency. ($ 1- 473.15 drams) .- 0

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