Wednesday, December 1 2010 18:03
Deposits of Armenia's commercial banks by November 1, 2010 make up $1.8 billion with 3% annual growth
ArmInfo. The volume of deposits attracted by Armenia's commercial banks reduced over October 2010 by 0,06%. This indicator over Jan-Oct 2010 reduced by 0,1% and grew by 3% over a year to 650.4 bln drams ($1.8 bln) by November 1, 2010. In the structure of the attracted deposits, 30% or 194.4 bln drams ($542.7 mln) fell on dram deposits and 70% or $1.272 bln (456 bln drams) - on foreign-currency deposits. Specific weight of dram deposits in the total volume of deposits grew over October by 1 point.
Preliminary data of Armenia's Central Bank, provided to ArmInfo by National Statistical Service of Armenia, say 16,2% or 105.6 bln drams fell on the deposits attracted from non-residents (6,7% fall over October). In their structure, dram deposits over October grew by 4,1% to 7.5 bln drams, and foreign-currency deposits reduced by 7,4% to 98.1 bln drams.
83,7% or 544.8 bln drams of the total volume of deposits fell on deposits from residents, 187 bln drams of which are dram deposits and 357.8 bln drams - foreign-currency deposits. In the structure of deposits attracted from residents, 41% or 223.3 bln drams fell on demand deposits, and 59% or 321.4 bln drams - on fixed deposits. The population's deposit balance as of November 1, 2010, made up 323.4 bln drams, having grown by 1,4% per month and by 17,4% per annum. Fixed deposits of the population grew over October 2010 by 2,7%, and during a year - by 17,6% to 241.2 bln drams.
According to the source, interest rates on dram deposits over October 2010 reduced from 8,94% to 8,81%, and grew over a year by 0,6 point.
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