YEREVAN, August 8. /ARKA/. Total number of deposits of legal entities and individuals in Armenia’s banks surged 4.82% to 1 340.9 billion drams in the second quarter of 2013.

“Banks of Armenia” Q2 2013 bulletin made by ARKA shows the top five banks in terms of deposits are Ameriabank, HSBC Bank Armenia, Ardshininvestbank, Bank VTB (Armenia) and Unibank.

These banks account for more than half of all deposits in Armenia’s banks.

In Q2 Ameriabank remained the leader with its deposits having grown by 34.27% to about 250.2 billion drams.

HSBC Bank Armenia ranked the second with total deposits of 143.4 billion drams (0.14% increase).
The third is Ardshininvestbank with around 123.6 billion drams in deposits (1.5% increase).

Bank VTB (Armenia) has its deposits increased by 3.28% to about 120 billion drams.

Unibank’s deposits amounted to a total of 98.3 billion drams, a reduction of 10.65% in the reporting period.

As of the end of June 2013, there were 21 commercial banks with 478 branches in Armenia. ( $1-409.49 drams).–0--