Residents’ deposits at Armenia’s commercial banks grow 1.8% to AMD 1 667 billion in October

YEREVAN, November 24. /ARKA/. Residents’ deposits at Armenia’s commercial banks grew 1.8% in October 2016, compared with the previous month, to AMD 1 667 billion, the National Statistical Service reported on Thursday.

Deposits in drams grew 2.7% to AMD 643.9 billion – dram demand deposits increased by 0.7% to AMD 220.5 billion and time deposits by 3.8% to AMD 423.4 billion.

Deposits in foreign currencies totaled AMD 1 023 billion in late October 2016 after growing 1.67% over one month – demand deposits in foreign currencies increased by 0.35% to AMD 241.2 billion and time deposits by 1.67% to AMD 781.8 billion.

Non-residents’ deposits in Armenia’s commercial banks have grown over the month as well reaching AMD 508.68 billion by late October.

Aggregate deposits at Armenia’s commercial banks amounted to AMD 2 175.7 billion showing a 3-percent month-on-month growth. ($1 – AMD 479.21). –0—-

spot_img

POPULAR

Regular disclosure of information by issuers is one of key conditions for development of Armenian capital market – Ministry of Economy

Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.

Euro fell 2.02 points against the Armenian dram: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on March 26, 2026, fell 0.18 points compared to March 26, to 377.18 drams.

Armenia uncovers scheme to illegally import large sums of rubles and exchange them for dollars

The State Revenue Committee (SRC) of Armenia reported the discovery of cases of large amounts of foreign currency in cash being imported into the country and its possible involvement in shadow circulation.

Martin Galstyan discussed Armenia’s implementation of the Fund’s structural benchmarks with the IMF mission

Central Bank of Armenia Governor Martin Galstyan held a final meeting with Alexander Timan, head of the IMF mission to Armenia, the regulator's press service reported.

Armenia to Introduce Electronic Seizure of Information Constituting Banking Secrets

At its session on Wednesday, the National Assembly of Armenia adopted in the first reading a legislative package amending the Criminal Procedure Code of the Republic of Armenia and related laws.

LATEST NEWS

spot_imgspot_imgspot_img