Mon, 9 June
20.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

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

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

US dollar, euro and Russian ruble exchange rates down against  Armenian dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 15, 2025, decreased by 1.05 points compared to May 14 and amounted to 386.94 drams.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

LATEST NEWS

spot_imgspot_imgspot_img