Armenian bank deposits reach 2.4 trillion drams

03.02.2017 18:59
Armenian bank deposits reach 2.4 trillion drams

YEREVAN, February 3. / ARKA /. In late December 2016 total deposits in Armenian commercial banks amounted to 2.413 billion drams, by 23.7% or 462.2 billion drams more than in late December 2015, according to the Central Bank of Armenia.

Resident deposits in Armenia’s national currency, the dram, surged last year by 30.3 % to 698.6 billion drams and deposits in foreign currency grew by 10.1% to the equivalent of 1.063 trillion drams, according to the regulator.

Resident demand deposits in drams increased by 21.4% to 255 billion drams and time deposits soared by 36% to 443.5 billion drams.

Demand deposits in foreign currency upped by 0.5% to the equivalent of 241.7 billion drams and time deposits grew by 13.2% to the equivalent of 821.5 billion drams, official figures say.

Overall, total resident deposits stood at 1.761 billion drams in late December 2016, having increased by 17.3% year-on-year. Non-resident deposits surged by 45% to 651.5 billion drams. ($ 1- 485.91 drams).-0-


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