Depositors are back to banks again

18.05.2018 18:14
Depositors are back to banks again

YEREVAN, May 18. / ARKA /. Ashot Osipyan, the chairman of Araratbank Board, said today that the depositors who hastened to withdraw their deposits from local banks during the recent political crisis are now coming back.

"In the first days of the nation-wide protests, some of depositors withdrew their deposits from the banks, which is typical for the current situation, since money likes peace, but now we see a return tendency," Osipyan said during discussions organized by the Club of Economic Journalists.

He said, however, that the outflow of deposits was much less than expected, but refrained to specify.
Nationwide mass protests made prime minister Serzh Sargsyan to step down on April 23. On May 8 protests leader Nikol Pashinyan was elected prime minister of Armenia. -0-


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