Tue, 10 February
0.1 C
Yerevan
USD: 377.97 RUB: 4.87 EUR: 448.20 GEL: 140.60 GBP: 514.19

Dram deposits at Armenia’s banks shrink 2.1% in November as dollar deposits grow 2.8%

YEREVAN, January 13. /ARKA/. Deposits in drams at Armenia’s commercial banks reduced 2.1% over November to AMD 509.5 billion, while dollar deposits grew 2.8% to AMD 944.6 billion, the Central Bank of Armenia reports on its website.

Deposits in drams made up 64.9% of the aggregate deposits of residents in Armenia’s commercial banks, which totaled AMD 1 454.1 billion in late November after growing 1% over one month.

Demand deposits shrank 2% to AMD 431.2 billion and time deposits grew 2.4% to AMD 1 022.8 billion.
Aggregate deposits at Armenia’s banks amounted to AMD 1 882.9 billion in late November 2015 showing a 1.5% month-on-month increase. —0—-

spot_img

POPULAR

Central Bank of Armenia reduces maximum commission rates for cashless payments

Last week, the Central Bank of Armenia decided to reduce the fees banks charge businesses for cashless payments, Central Bank Governor Martin Galstyan announced.

Armenia approves state mortgage support program for army officers

At a meeting on Thursday, the Armenian government approved a state mortgage support program for military officers.

The average exchange rate of the Armenian dram to the US dollar in January was 4.5% lower than a year ago

In January 2026, the average exchange rate of the Armenian dram to the US dollar was 380 drams, compared to 397.9 drams in January 2025.

Central Bank: significant portion of Armenia’s banking system profits generated by exportable services

In recent years, a significant portion of Armenia's banking system profits has been generated by exported banking services, according to Martin Galstyan, the chairman of the Central Bank.

Preserving Armenia’s Cultural Heritage: Unique Monasteries and Historical Sites Documented (VIDEO)

Starting in 2023, the Identity Foundation began documenting Armenia's centuries-old monasteries, churches, and cultural monuments.

LATEST NEWS

spot_imgspot_imgspot_img