Sat, 5 April
5.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

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

LATEST NEWS

spot_imgspot_imgspot_img