Wednesday, August 1 2012 21:28
In absolute terms foreign exchange deposits in Armenian banks prevailed over AMD deposits more than twofold by late June 2012
ArmInfo. Deposits raised by Armenian commercial banks for Q2 2012 grew by 5.5%, and by 36.2% versus Q1 2011, having totaled 1.070 trillion AMD ($2.560 bln) by 1 July 2012.
In the structure of the raised deposits, the share of deposits in Armenian dram was 30% or 321.1 bln AMD ($768.2 mln). This index dropped by 2% over Q2 2012 and grew by 35.3% versus Q2 2011. The share of deposits in foreign exchange was 70% or 749 bln AMD ( $1.791 bln), with the growth in Q2 2012 being 8.1%, and the growth versus Q2 2011 - 36.6%. The share of deposits in drams was down 2.3 points over June, and foreign exchange deposits grew by 1.7 points.
By preliminary data of Armenian Central Bank provided to ArmInfo by the National Statistical Service of Armenia, the share of deposits of non-residents was 21% or 225 bln AMD (2.6% growth for Q2 2012, 68.6% growth versus Q2 2011), including 14.3 billion dram deposits in drams (3.2% decline in Q2 2012 and 61% growth versus Q2 2011). The share of deposits of non-residents in foreign exchange totaled 210.7 billion drams (3% growth for Q2 2012 and 69.1% growth versus Q2 2011).
Deposits of residents made up 79% or 845.1 billion drams, including 306.8 billion drams deposits in terms of Armenian dram (2% decline in Q2 2012 and 34,4% growth versus Q2 2011). Deposits of residents in foreign exchange totaled 538.3 billion drams (11.7% growth for Q2 2012 and 27% growth for Q2 2011).
The share of call liabilities in deposits of residents was 33,2% or 280.7 billion drams, and the share of time deposits was 66.8% or 564.4 billion drams.
Balance of population deposits as of July 1 2012 totaled 566.2 billion drams (9.8% growth for Q2 2012 and 39.3% growth versus Q2 2011). Time deposits of the population grew by 0.5 points for Q2 2012 to 9.03%.
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