{"id":102933,"date":"2016-11-02T12:12:39","date_gmt":"2016-11-02T12:12:39","guid":{"rendered":"https:\/\/armbanks.am\/2016\/11\/02\/245395\/"},"modified":"2024-12-15T13:26:02","modified_gmt":"2024-12-15T13:26:02","slug":"deposits-at-armenias-banks-have-grown-by-more-than-72-over-five-years","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/11\/02\/102933\/","title":{"rendered":"Deposits at Armenia\u2019s banks have grown by more than 72% over five years"},"content":{"rendered":"<p><strong>YEREVAN, November 2. \/ARKA\/.<\/strong> Deposits at Armenia\u2019s banks have grown by more than 72% over a period between 2010 and 2015, Seyran Sargsyan, deputy chairman of the Union of Banks of Armenia, said Monday at the awarding ceremony of a student contest held as part of the program dedicated to the World Savings Day.<\/p>\n<p>\u201cI can place it on record that public confidence in banks is quite high,\u201d he said. \u201cIt is rising and the increasing number of depositors and the growing amounts of deposits prove this.\u201d<\/p>\n<p>Hermine Harutyunyan, head of the Deposit Insurance Fund, on her side, said deposits at Armenia\u2019s banks totaled AMD 1.231 billion in late June 2016 against AMD 1.197 billion in 2015.<\/p>\n<p>She also said that the size of deposit compensations at Armenia\u2019s banks was increased 2.5 times.<\/p>\n<p>As a result, the maximum compensation for dram deposits reached AMD 10 million and for deposits in foreign currencies the amount equal to AMD 5 million.<\/p>\n<p>\u201cThis contributed a great deal to the increase of the share of secured deposits in the total amount of deposits,\u201d he said.<\/p>\n<p>Harutyunyan said the share of secured deposits has hit the record high \u2013 39.6%.<\/p>\n<p>In her words, the number of depositors having accounts at banks and deposits accounts continues growing as well, and although the growth slowed down a little this year, it did grow by 5%, compared with the previous year, to 1,800 individuals.<\/p>\n<p>According to the Central Bank of Armenia, residents\u2019 deposits in Armenia\u2019s banks have grown 8.9% since the beginning of this year to AMD 1636.3 billion in late September.<\/p>\n<p>Time deposits have shrunk 11.9% to AMD 1 176.9 billion, while demand deposits have grown 1.9% to AMD 459.3 billion. ($1 \u2013 AMD 475.14). &#8211;0&#8212;&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deposits at Armenia\u2019s banks have grown by more than 72% over a period between 2010 and 2015, Seyran Sargsyan, deputy chairman of the Union of Banks of Armenia<\/p>\n","protected":false},"author":1,"featured_media":178456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,12164,15419,390],"class_list":{"0":"post-102933","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-banks","12":"tag-growth-2","13":"tag-390"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/102933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=102933"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/102933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/178456"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=102933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=102933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=102933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}