YEREVAN, July 25. / ARKA /. The volume of deposits attracted by Armenian commercial banks in the national currency, the Dram, grew to 228.7 billion drams at the end of May having increased by 4.9% from the previous month, according to a statement posted on the official website of the Central Bank of Armenia. Some 96.2% or 220.1 billion Drams were deposits of residents.

According to the statement, demand resident deposits accounted for 55.8% of all deposits standing at  the end of May at 122.8 billion Drams. Their share grew by  8.8% from April 2011.

The statement says also time deposits accounted for 44.2% of all resident deposits standing at 97.3 billion Drams.

Their share grew by 0.7% from April. The volume of deposits in foreign currency (denominated in Dram) in May fell by 0.01% from April  to 528.7 billion Drams. There are 21 commercial banks in Armenia. ($ 1 - 366.33 AMD).  -0-