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Tag: Deposits

Bank deposits in Armenia grow by 173 billion drams over 12 months

Banks admin -
At the end of the first quarter of 2021 the total bank deposits in Armenia were 4.9% or 173 billion drams up from the same time span of 2020 standing at 3.7 trillion drams, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on May 19

Finance minister on possible injection of bank deposits into financial market

Banks admin -
Armenian Minister of Finance Atom Janjughazyan commented today on the possibility of injecting individual bank deposits into the financial system in 2021, when asked by MP Sergey Bagratyan what was being done to turn the country's domestic resources into long-term investments

Armenia law that increases the amounts of insured banking deposits enters into force

Banks admin -
A revised Armenian law that has increased the amount of insured banking deposits both in the national and foreign currencies has entered into force on December 1, 2020, the Union of Banks of Armenia reported

Decrease in population’s deposits in banking system of Armenia does not exceed 1% – regulator

Banks admin -
YEREVAN, October 28. /ARKA/. The decrease in the population's deposits in the banking system of Armenia does not exceed...

Armenia raises amounts of insured bank deposits in drams and foreign currencies

Banks admin -
Armenia's National Assembly approved September 15 in the second and final reading a set of amendments to the law insuring individual bank deposits, proposed by the opposition Prosperous Armenia party

Armenian banks total deposits stand at about 3 trillion drams; lawmaker proposes to raise insured deposit amount

Banks admin -
Armenian banks' total deposits stand now at about 3 trillion drams, a Prosperous Armenia party lawmaker Mikael Melkumyan said today when presenting a set of draft amendments to the law on Individual Bank Deposit Insurance

Average interest rate on deposits in drams with maturity period of 12 months is 8.85%

Banks admin -
According to a study by ARKA news agency, the highest interest rate on individual time deposits in Armenian drams is 10% per annum, offered by Armbusinessbank. The maturity period of the deposit is 271-365 days

Armenian bank deposits up to over three trillion drams

Banks admin -
At the end of April 2019, total deposits in Armenia-based commercial banks stood at 3,040,9 trillion drams, an increase of 61.5 billion drams or 2.1% from the previous month, according to the Central Bank

Deposits in Armenian banks drop by 25 billion drams to about 3 trillion

Banks admin -
At the end of March, 2019 the total amount of deposits in Armenia-based commercial banks stood at 2.979.3 trillion drams, having decreased by 25.1 billion drams or 0.84% from the previous month

Deposits in banks in Armenia exceed AMD 3 trillion heating record high

Banks admin -
Aggregate deposits in banks in Armenia exceeded AMD 3 trillion ($6.17 million) in February 219 heating the record high, the Central Bank of Armenia reports

Resident deposits in Armenian banks slash by almost 26 billion drams

Banks admin -
Resident deposits in Armenia-based commercial banks stood at 2.221.5 trillion drams in late January 2019, having decreased by 25.9 billion drams from late December 2018, the Central Bank said

Deposits in Armenian banks grew last year by 12.7% to about 3 trillion drams

Banks admin -
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

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Central Bank of Armenia warns about fraudulent surveys and urges not to share banking data

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The Central Bank of Armenia does not conduct any surveys regarding citizens' banking data, the regulator said today.

Euro up 3.8 drams, US dollar down 0.1 points

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The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

Armenia to get $40 million loan from  IBRD for substation reconstruction

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The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

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The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

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