Fri, 7 November
2.1 C
Yerevan
USD: 382.48 RUB: 4.73 EUR: 440.27 GEL: 141.40 GBP: 500.28

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img