YEREVAN, February 11. / ARKA /. Bank deposits kept by Armenia-based commercial banks surged by 12.7% last year or 332.7 billion drams to 2 957.3 trillion drams, according to the Central Bank.
It said bank deposits of residents grew last year by 6.7% to 2 247.5 trillion drams. The deposits in the national currency, the dram, increased from the beginning of the year by 13.9% to 1.063.4 trillion drams, and bank deposits in foreign currencies upped by 0.97% to the equivalent of 1.184.1 trillion drams.
About 67% of all deposits or 1.506.1 trillion drams were term deposits, and 741.4 billion drams – demand deposits.
The deposits of non-residents at the end of December 2018 amounted to 709.7 billion drams, an increase of 36.9%. ($ 1 – AMD 489.19). -0-
