YEREVAN, February 8. /ARKA/. Armenia’s banks have paid AMD 130 to 140 billion to depositors over 2016, Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, said Tuesday in the National Assembly.

Deposits at Armenian banks, he said, grew by more than 20% in 2016. Individual deposits made up 50% of them.

Yeritsyan said that the growth shows productivity of the Armenian banking sector’s activity.
According to the central bank, deposits at Armenia’s banks totaled AMD 2 413 billion in late December 2016 – 23.7% more than in late 2015.

In February, bank deposits exceeded AMD 2 trillion.

Dram deposits grew 30.3% to AMD 698.6 billion and deposits in foreign currencies 10.1% to AMD 1 063 billion. In total, residents’ deposits in banks amounted to AMD 1 761 billion in late December 2016 showing a 17.3-percent year-on-year growth.

Nonresidents’ deposits totaled AMD 651.5 billion (45% growth). ($1- 486.07). --0---