YEREVAN, April 27. /ARKA/. Armenian Development Bank’s deposit portfolio grew by AMD 12.4 billion or 122% in the first quarter of this year, compared with the same quarter a year before, and amounted to AMD 22.6 billion in late March, the bank’s press office told ARKA News Agency on Friday.

Individuals’ deposits here reached AMD 18.2 billion in late March after growing 137% over one year, and those of legal entities grew 75% to AMD 4.4 billion.

Armenian Development Bank offer a new deposit, Maximum, promising maximal interest rates – 14% for deposits in drams, 10% for dollar deposits and 8% for euro deposits.
Deposits are accepted until May 31, 2012.

Armenian Development Bank was established in 1990. Ruben Hayrapetyan holds 19.98% of the bank’s shares, Araik Mekhakyan 16.95%, and the remaining 16.03 belongs to Grikor Termenjyan. ($1 – AMD 29). -0--