Dram deposits at Armenia’s banks grow in May as dollar deposits shrink

10.07.2017 19:21
Dram deposits at Armenia’s banks grow in May as dollar deposits shrink

YEREVAN, July 10. /ARKA/. Residents’ deposits in drams in Armenia grew 1.2% in May 2017, compared with the previous month, to AMD 750 billion, and dollar deposits shrank 0.8% to AMD 1 066.8 billion, the Central Bank of Armenia reports on its website.

Demand deposits in the national currency totaled AMD 235.7 billion in late May after growing 0.9% over that month, and time deposits grew 1.4% to AMD 514.7 billion.

Demand deposits in US dollars grew 1.2% to AMD 267.8 billion, while time deposits in dollars shrank 1.5% to AMD 799 billion.

In total, residents’ deposits in the country’s banks amounted to AMD 1 817.4 billion showing a 0.002% month-on-month growth and nonresidents’ deposits to AMD 616.2 billion (0.09% decline).

Deposits at Armenia’s banks totaled AMD 2 433.5 billion in late May (0.02% decline. ($1- AMD 479.53). --0----


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