YEREVAN, November 8. /ARKA/. Armenian currency, dram, deposits to commercial banks rose by 4.3% to nearly 341.9 billion drams in September from August, according to the data published on Central Bank’s official website.

Residents’ deposits made up about 95% of the total AMD deposits (nearly 325 billion drams), reporting 4.5% from August.

According to the source, 45.3% or over 154.9 billion drams were demand deposits, up by 8.4% from August.

Time deposits of residents made up 49.7% totaling nearly 170 billion drams by late September.

According to the CB, dollarization (ratio of foreign deposits of the residents to the residents’ total deposits) was 63.3% in September against 63.6% in August.

Deposits in foreign currency increased 3.4% to over 823.2 billion drams in September from August.
As of 30 September 2012 there are 21 commercial banks in Armenia. ($1 – 407.93 drams).—0--