YEREVAN, February 17. /ARKA/. The total amount of time deposits in Armenia-based commercial banks increased by 12.3% in 2015 to 1.282.2 trillion drams, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia” for the fourth quarter of 2015.
The leading bank by size of time deposits was Ameriabank with 201 billion drams , by 49% more from the previous year. It was followed by Ardshinbank with 161 billion drams worth time deposits, a rise of 13.65%.
Third was Armbusinessbank with 139.8 billion drams worth time deposits, a surge of 23.5% from 2014; VTB Bank (Armenia) came next with about 102. 5 billion drams worth time deposits, a growth of 2. 48% and Unibank was fifth with 96.5 billion drams, a 0.15% increase.
The aggregate deposits of legal entities, private entrepreneurs and individuals at the end of 2015 stood at 1.840 trillion drams, an increase of 13.47% from 2014. ($1-496,11 drams) – 0-
