ArmInfo. By October 1, 2016, the deposits in the Armenian banks grew by 15.7% (up 5% in Q3 2016) to 2.111 trillion AMD. In the total amount of deposits, forex deposits prevailed over AMD ones - 66.7% and 33.3%, respectively. According to the National Statistical Service of Armenia, the forex component in the deposits rose by 9.9% (up 5.6% in Q3) to 1.404 trillion AMD, while the AMD component grew by 28.5% (up 3.2% in Q3) to 701.8 bln AMD.
The share of residents' deposits in the banks made up 77.5% or 1.636 trillion AMD (16.4% year-over-year growth and 3.4% rise in Q3 versus Q2), with the share of non-residents being 22.5% or 475 bln AMD (13.5% year-over-year growth and 10.7% growth in Q3).
In the structure of the residents' deposits, the share of call deposits made up 28% or 459.4 bln AMD, with the share of time deposits being 72% or 1.2 trillion AMD. Call deposits grew by 8.8% over the year (up 2.5% in Q3), and time deposits rose by 19.7% over the year (up 3.8% in Q3).
By October 2016, the household deposits in Armenian banks exceeded 1 trillion AMD (10.5% year-over- year growth, 2.4% growth in Q3).
In September 2016, the interest rate of AMD deposits was 11.76% versus 14.06% a year before and 12.81% a quarter before. (On 30 Sept 2016, the AMD/USD exchange rate was 474.46 AMD/$1).
