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Deposits in Armenian banks at the end of 2024 amounted to AMD 6.46 trillion

YEREVAN, February 7. /ARKA/. The amount of deposits in Armenia’s commercial banks stood at AMD 6,463,958 million at the end of December 2024 against AMD 5,960,193 million at the end of September, according to the National Statistical Committee.

The amount of deposits from non-residents in December stood at AMD 1.49 trillion against AMD 1.36 trillion in September, and those from residents at  AMD 4.97 trillion against AMD 4.6 trillion in September.

The National Statistical Committee said also  that the  deposits from non-residents at the end of December included demand deposits (including accounts) and term deposits of non-resident organizations, households, organizations not pursuing profit, as well as non-banking financial organizations.

Of AMD deposits of residents with the volume of AMD 3.16 trillion (AMD 2.83 trillion in September), demand deposits (including accounts) stood at at the end of December at AMD 1.15 trillion (AMD 1.28 trillion in September), and time deposits stood at AMD 1.64 trillion (AMD 1.55 trillion in September).

Out of the foreign currency deposits of AMD 1.81 trillion (AMD 1.76 trillion in September), demand deposits (including accounts) amounted to AMD 883.3 billion in December (AMD 901.9 billion in September), while time deposits amounted to AMD 930.5 billion (AMD 862.5 billion in September).

The balance of attracted deposits from the population in the banks at the end of December 2024 stood at 2,900,189 million drams, which was by 138,675 million drams or 5% more than the indicator for the previous month and by 298,842 million drams or 11.5% more than in or the same period of 2023.

In December, the average  interest rate on bank deposits was 8.16% (8.00% in September). ($1 – AMD 396.83) -0-

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