Deposits in Armenian banks grow by 40 billion drams in October to over 2.8 trillion drams

YEREVAN, December 5. /ARKA/. At the end of October 2018, deposits in Armenian banks were worth 2.852.4 trillion drams, having increased by 40 billion drams or 1.4% from the previous month.

According to the Central Bank, the deposits of residents stood at 2.148 trillion drams (0.5% growth). The deposits in Armenian drams increased by 0.9% to 1.007.8 trillion drams and deposits in foreign currency – by 0.15% to the equivalent of 1.140.1 trillion drams.

Of resident deposits some 68.8% or 1.478.2 trillion drams were term deposits, and 669.8 billion drams – demand deposits.

The non-resident deposits increased by 29.3 billion drams or 4.35% to 704.4 billion drams. ($ 1 – AMD 485.2). -0-

spot_img

POPULAR

Idram and IDBank continue their traditional series of financial and digital literacy training programs

Idram and IDBank continue their traditional series of financial and digital literacy training programs.

Central Bank of Armenia does not expect a significant inflationary effect from the increase in excise taxes

Raising excise taxes on certain goods will not lead to significant inflationary consequences in Armenia, according to Central Bank Chairman Martin Galstyan.

”Teach For Armenia” is the June beneficiary of the ”Power of One Dram”

The May beneficiary of the ''The Power of One Dram'' initiative was the ''Vahe Meliksetyan'' Foundation.

Wildberries and Unibank in Armenia Launch Installment Purchase Service

Wildberries, in partnership with Unibank, will provide customers in the Republic of Armenia with the opportunity to purchase goods in installments.

Special conditions for business development: ACBA Bank

ACBA Bank has unveiled special business financing offers for the development of small and medium-sized enterprises in Armenia, which are effective until July 31 inclusive.

LATEST NEWS

spot_imgspot_imgspot_img