Tue, 1 July
14.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

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

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

LATEST NEWS

spot_imgspot_imgspot_img