YEREVAN, July 12. /ARKA/. Deposits to Armenia’s banks in the national currency dram increased by 41.6% to nearly 325.5 billion drams in May from a year earlier, according to the data available on the Central Bank’s website.

Residents’ deposits are said to make up 95.2% of the total volume of deposits to Armenian banks (309.9 billion drams).

According to the source, 46.7% or over 144.9 billion drams were demand deposits, up by 17.9% in May from a year earlier.

Time deposits of residents reported 50.7% of total deposits in drams or over 165 billion drams ( jump by 69.6% within the reported period).

Deposits in foreign currency advanced by 22.9% to nearly 513.2 billion drams within the reported period.

As of May 31 of 2012 there are 21 commercial banks in Armenia. ($1 – 415.84 drams). E.O.—0--