YEREVAN, May 31. / ARKA /. The total amount of deposits in Armenian banks at the end of April 2018 stood at 2.539.4 trillion drams, down by 103.8 billion drams (about $214 million) or 3.9% from the previous month according to numbers, released by the National Statistical Committee of Armenia.

Resident deposits in April totaled 2.066.7 trillion drams (2.1% decline). Deposits in Armenian drams decreased by 1.8% from the previous month to 948.9 billion drams, and deposits in foreign currency fell by 2.3% to the equivalent of 1.117.7 billion drams. Besides, in April, deposits of non-residents decreased by 11% to 472.7 billion drams.

Earlier, Central Bank chairman Artur Javadyan noted the political events in April forced some depositors to early termination of their contracts. According to him, now more than 70% of them are back to banks again. ($ 1 - 482.83 drams). -0-

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VTB Bank (Armenia) said today that those of its customers who will open Profitable and Progressive deposit account with at least 12-month term will get the interest amount right after formalizing the contract

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VTB Bank (Armenia) has embarked on attracting from individuals ‘Beneficial’ and ‘Progress’ time deposits with the opportunity of monthly payment of interests, the bank’s press office reported on Monday

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VTB Bank (Armenia) said today it has introduced a new type of term deposit designed for individual customers, called ‘Comfort.’

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The aggregate amount of deposits in Armenia’s commercial banks keeps shrinking, the National Statistical Service reports

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The Central Bank of Armenia has set up a system of differentiated obligatory insurance payments which Armenia’s banks transfer to the deposit guarantee fund

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The vice-president of the Union of Banks of Armenia Seyran Sargsyan ruled out today sharp changes in interest rates on deposits in Armenian dram

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In late August 2015 the overall deposits at 21 Armenian commercial banks stood approximately at 1.835.6 trillion drams, having decreased by 0.8% from the previous month, according to the latest numbers, released today by the National Statistical Service (NSS)

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VTB Bank (Armenia) said today all those Armenian citizens who have their summer vacations outside the country or are having protracted business trips can use its safe deposit boxes for safekeeping their cash, jewelry, valuable papers and documents

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The total amount of deposits at Armenia’s commercial banks reached AMD 1 801 billion by late May 2015 after growing 2.4% over the month, the National Statistical Service of Armenia reports

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