Tue, 28 October
18.1 C
Yerevan
USD: 382.70 RUB: 4.81 EUR: 445.50 GEL: 140.80 GBP: 510.64

Total deposits in Armenian banks grow to 4.17 trillion drams

YEREVAN, September 8. /ARKA/. Total deposits in 17 Armenia-based commercial banks at the end of July, 2022 were worth 4.17 trillion drams, up from 4.07 trillion drams in late June, according to the National Statistical Committee (NSC).

It said non-residents’ deposits in July totaled over 943bln drams, down from 944.7 bln drams in late June. Residents’ deposits grew to about 3.23 trillion drams from 3.13 trillion drams in June.

Out of the total 1.9 trillion resident deposits in Armenian drams some 775.4 billion were demand deposits and about 1.08 trillion drams time deposits.

Out of foreign currency deposits of about 1.37 trillion drams (equivalent), demand deposits totaled 597.2bln and time deposits – 770.31bln drams.

At the end of June 2022, individual deposits stood at about 1.935 trillion drams, by 69.149 billion drams more than in June 2022 and by 204.1 billion drams more than in July 2021.

In July, the rate on commercial bank deposits was 8.01% (8.13% in June). ($1 – 404.8 drams) -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“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.

LATEST NEWS

spot_imgspot_imgspot_img