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

Central Bank of Armenia views stablecoins as a strategic priority

The Central Bank of Armenia considers it important to address the challenges faced by real people and businesses, and it is through this lens that it views stablecoins as a strategic priority, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

IDBank Participates in Regional Conference of the Union of Banks of Armenia

IDBank took part in the conference titled “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region”, held in Vanadzor.

4.5% Inflation Recorded in Armenia in March

Twelve-month inflation in the Armenian consumer market in March of this year was 4.5%, according to a report from the Statistical Committee of Armenia.

Unibank joins the Partnership for Carbon Accounting Financials (PCAF)

Unibank has joined the Partnership for Carbon Accounting Financials (PCAF), reinforcing its commitment to integrating climate considerations into its financial activities and improving transparency around emissions.

How Idram and IDBank promote equal opportunities for women and men

Women’s Month is another opportunity to speak about the role of women in society and business, attitudes toward them, leadership, and equal opportunities for every member of society.

LATEST NEWS

spot_imgspot_imgspot_img