YEREVAN, April 1. / ARKA /. The total amount of deposits kept at 21 Armenian commercial banks was 1.65% down in late February when compared to the beginning of the year being worth approximately 1.728.4 trillion drams, according to the Central Bank, which said also the deposits were down 0.06 percent when compared with January.

According to the Central Bank, private deposits grew by 0.9% to 1.331.8 trillion drams. Deposits in the national currency, the dram, were worth 481.6 billion drams (1.8% rise from January), while deposits in foreign currency were equivalent to 850.2 billion drams (a 0.4% growth).

According to official data, private demand deposits stood at about 388.9 billion drams in late February, including 170.8 billion drams deposits in the national currency and 218 billion drams in foreign currency.

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VTB Bank (Armenia) is offering special terms to its clients who open recurring deposits, the bank’s press office reported

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A group of Armenian MPs have initiated a legislation calling for doubling the size of insured individual deposits, ‘Hayots Ashkhar’ (Armenian World) newspaper reported

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Residents’ deposits in Armenia’s commercial banks fell by 1.6% in January to 1,729.5 billion drams as of the end of the month

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Armenian Anelik Bank has announced today a new type of 6-month deposit in the national currency called “Dram +” with a 16.25% annual interest rate

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Bank VTB (Armenia) has announced a promotional deposit offer to its customers ahead of the New Year holidays, the bank’s press office reported

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Anelik Bank’s deposit portfolio grew 50% in the third quarter of this year, compared with the same quarter a year before, to AMD 39 billion, the bank’s press office reports

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Anelik Bank has offered a new deposit service, DISCOUNT, to individuals, as part of its service package expansion policy, the bank’s press office reported

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Moody’s Investors Service has today downgraded to B2 from B1 the long-term foreign- and local-currency deposit ratings of Armeconombank (Armenian Economy Devt Bank) (AEB)

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The amount of deposits in Armenia’s 21 commercial banks stood at 1.629 trillion drams at the end of September 2014, a decrease of 0.1% from the previous month, the National Statistical Service (NSS) reported today

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