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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-

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