Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Dram deposits at Armenia’s banks grow in May as dollar deposits shrink

YEREVAN, July 10. /ARKA/. Residents’ deposits in drams in Armenia grew 1.2% in May 2017, compared with the previous month, to AMD 750 billion, and dollar deposits shrank 0.8% to AMD 1 066.8 billion, the Central Bank of Armenia reports on its website.

Demand deposits in the national currency totaled AMD 235.7 billion in late May after growing 0.9% over that month, and time deposits grew 1.4% to AMD 514.7 billion.

Demand deposits in US dollars grew 1.2% to AMD 267.8 billion, while time deposits in dollars shrank 1.5% to AMD 799 billion.

In total, residents’ deposits in the country’s banks amounted to AMD 1 817.4 billion showing a 0.002% month-on-month growth and nonresidents’ deposits to AMD 616.2 billion (0.09% decline).

Deposits at Armenia’s banks totaled AMD 2 433.5 billion in late May (0.02% decline. ($1- AMD 479.53). –0—-

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

LATEST NEWS

spot_imgspot_imgspot_img