Residents’ dram deposits in Armenia’s commercial banks grow 6% to AMD 568.6 billion in 1st Q

YEREVAN, May 3. /ARKA/. Residents’ dram deposits in Armenia’s commercial banks have grown 6% since the beginning of this year to AMD 568.6 billion by late March and their deposits in dollars by 3.3% to AMD 997.4 billion, according to the report posted on the central bank’s website.

Demand deposits in drams totaled AMD 199.2 billion in late March after shrinking 5.1% over the first three months of this year, and time deposits grew 13.3% to AMD 369.4 billion.

Demand deposits in dollars grew 2.9% to AMD 247.4 billion, and time deposits in dollars 3.4% to AMD 749.9 billion.

Residents’ deposits in Armenia’s banks reached AMD 1 565.9 billion after growing 4.3% over the first quarter of this year.

Aggregate deposits in Armenia’s banks amounted to AMD 2 015.4 billion showing a 3.3% quarterly growth. ($1 – AMD 478.61). –0—-

spot_img

POPULAR

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

IDBank warns of scam calls impersonating pension funds

There is a growing risk of scam calls targeting the most vulnerable category of citizens -pensioners.

A young couple created a “honey planet” in Garni

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.

LATEST NEWS

spot_imgspot_imgspot_img