Wed, 3 September
23.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian residents’ deposits in national currency increased by 6.4% in February

YEREVAN, April 5. /ARKA/. Armenian residents’ deposits in the national currency, the dram, in commercial banks increased by 6.4% in February 2016 from January to 551.9 billion drams, while their deposits in USD grew by 2.2% to the equivalent of 998.11 billion drams, the Central Bank said.

According to the Central Bank,  demand deposits in dram increased by 6.7% to 207.7 billion drams, and  term deposits saw a 6.3% increase to 344.2 billion drams.

At the same time, demand deposits in USD increased by 3.8% to the equivalent of 240.4 billion drams, and term deposits upped by 1.8% to the equivalent of 757.7 billion drams.

Thus, resident deposits in Armenian banks in February stood at 1.550 trillion drams, having increased by 3.7% from the previous month.

As of the end of February 2016, the total amount of deposits in Armenian banks stood at 2. 005.2 trillion drams, by 2.39% more than in late January ($ 1- 481.66 drams) -0- .

spot_img

POPULAR

Acba Bank and NABU partner to clean  2 km stretch of Lake Sevan of plastic (VIDEO)

As part of the Clean Future for Lake Sevan initiative, Acba Bank in partnership with the  German Nature And Biodiversity Conservation Union (NABU), is assisting in the cleanup of Armenia's largest water body from plastic and other debris, according to the bank's press service.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Armenia should develop technologically: Eqwefy CEO on economic challenges and new opportunities

The investment environment in Armenia continued to develop over the past year, despite global economic challenges.

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

LATEST NEWS

spot_imgspot_imgspot_img