Tue, 12 August
33.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Deposits in Armenia’s commercial banks in 2016 April fell by 1.4%

YEREVAN, June 3. /ARKA/. Overall deposits in Armenia’s commercial banks in 2016 April fell by 1.4% from the previous month to 1.986.6 trillion drams, the Central Bank said. It said also resident deposits fell by 1.13% from March to 1.548.3 trillion drams.

The decline in resident deposits is attributed to the reduction in foreign currency deposits, in particular, corporate demand deposits.

Thus, foreign currency deposits decreased by 3% in April to the equivalent of 966.9 billion drams with demand deposits reducing by 5.1% to the equivalent of 234.6 billion drams. In particular, foreign currency demand deposits of enterprises decreased by 10% to 118.6 billion drams, and those of households  by  0.6% to 96.6 billion drams.

Term foreign currency deposits declined by 2.3% to the equivalent of 732.3 billion drams. Corporate deposits decreased by 2.31% to the equivalent of 61.5 billion drams, while household deposits fell by  2.4% to the equivalent of 637.7 billion drams.

Also resident deposits in drams  increased by 2.2% in April to 581.3 billion drams. Non-residents deposits in April stood at 438.4 billion drams, having decreased by 2.4% over the month.

It should be noted that interest rates on dram deposits ranged from 10.77% to  13.73% depending on their terms, while interest rates on deposits in foreign currency ranged from 5.27% to 7.7%. ($ 1 – 478.61 drams). -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Market capitalization in July increased by 45.3% year-on-year, exceeding 463 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for July 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity. 

Armenian Central Bank  developing mechanisms for insurance and combating financial fraud

Armenia's Central Bank is developing a set of tools to combat financial and cyber fraud, the deputy chairman of the Central Bank Armen Nurbekyan said at a press conference on Tuesday.

Net inflow of money transfers to Armenia from abroad decreased by 1.3% in half-year

The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, in January-June 2025 amounted to $587.6 million against $595.4 million in January-June 2024, according to the report of the Central Bank of the Republic.

Deputy Prime Minister discusses cooperation prospects with new head of WB Armenia office

Armenian Deputy Prime Minister Tigran Khachatryan received World Bank Regional Director for the South Caucasus Rolande Pryce and newly appointed head of the WB Armenia office Fabrizio Zarcone, the government press service reported.

LATEST NEWS

spot_imgspot_imgspot_img