Fri, 9 January
-2.9 C
Yerevan
USD: 381.39 RUB: 4.74 EUR: 445.43 GEL: 141.58 GBP: 512.86

Deposits in Armenian banks drop by 3.9% in April to over 2.6 trillion drams

YEREVAN, May 31. / ARKA /. The total amount of deposits in Armenian banks at the end of April 2018 stood at 2.539.4 trillion drams, down by 103.8 billion drams (about $214 million) or 3.9% from the previous month according to numbers, released by the National Statistical Committee of Armenia.

Resident deposits in April totaled 2.066.7 trillion drams (2.1% decline). Deposits in Armenian drams decreased by 1.8% from the previous month to 948.9 billion drams, and deposits in foreign currency fell by 2.3% to the equivalent of 1.117.7 billion drams. Besides, in April, deposits of non-residents decreased by 11% to 472.7 billion drams.

Earlier, Central Bank chairman Artur Javadyan noted the political events in April forced some depositors to early termination of their contracts. According to him, now more than 70% of them are back to banks again. ($ 1 – 482.83 drams). -0-

spot_img

POPULAR

Armenian banks tighten checks on Russian transactions

Banks in Armenia and Serbia have tightened checks on Russian transactions following Russia's inclusion on the EU's money laundering blacklist, RBC reports, citing lawyers and international business consultants.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

ARKA news agency wishes everyone a Happy New Year and Merry Christmas

Dear readers! As we approach the end of this year, we want to express one crucial sentiment: thank you for your trust and engagement.

Euro rises  against Armenian dram, while US  dollar and ruble fall

The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market onDecember 30, 2025, fell by 0.1 points compared to December 29, to 381.36 drams.

LATEST NEWS

spot_imgspot_imgspot_img