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

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

Shares of Noubar Afeyan’s Moderna soared 124% on news of a successful cancer vaccine trial

YEREVAN, August 20. /ARKA/. Shares of the biotech company Moderna soared 123.6% at the start of trading in the US on August 19, reaching a peak of $140.77, according to trading data. Shares of the pharmaceutical company Merck also rose 11.6% to $150.85, according to Forbes.ru.

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

LATEST NEWS

spot_imgspot_imgspot_img