YEREVAN, June 3. /ARKA/. Residents’ deposits in Armenia’s commercial banks rose by 2.8% to 1,759.4 billion drams in April this year, after having kept declining in the previous three months, the National Statistical Service reported.

The Central Bank of Armenia says deposits from residents amounted to 1,343.7 billion drams in the reporting month, an increase of 2%. Resident deposits in drams totaled 496.4 billion drams (3.2% increase), those in foreign currency were 847.3 billion drams (1.4% increase).

According to the report, call deposits from residents totaled about 377.2 billion drams as of the end of April, of it 177 billion drams in the national currency and 200.2 billion drams in foreign currency.

Time deposits from residents amounted to 966.5 billion drams, of it 319.4 bln drams in the local currency and 647.1 bln drams in foreign currency.

There are currently 21 commercial banks operating in Armenia. ($1- 477.19 drams). –0--