Sat, 27 September
23.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

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

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img