ArmInfo. The volume of deposits attracted by Armenian banks increased by an annualized rate of 22.7%, reaching 2.433 trillion AMD by June 1, 2017.
According to the Central Bank, provided by the National Statistical Service of the Republic of Armenia, in the structure of deposits the currency component grew by 14.2% to 1.519 trillion AMD a year. AMD - by 39.9% to 914.3 billion AMD. The share of foreign currency deposits in the total volume of bank deposits traditionally prevails over the share of AMD deposits - 62.4% and 37.6%, respectively.
In the banking sector, the proportion of residents was 74.7% or 1.817 trillion AMD (with an annual growth of 17.7%), and not residents - 25.3% or 616.2 billion AMD (with an annual growth of 40.4%).
In the structure of deposits from residents, the share of demand deposits was 27.7% or 503.5 billion AMD, while the share of term deposits - 72.3% or 1.3 trillion AMD. Demand deposits increased by 16.6% year- on-year, and time deposits - by 18.1%.
Deposits of the population in Armenian banks by June 2017 amounted to 1.2 trillion AMD, having increased by 16.8% year-on-year.
According to statistical data, average interest rates on AMD deposits by June 2017 were formed at the level of 8.86%, against 12.20% a year earlier. (The calculated exchange rate of the AMD to the USD as of 31.05.17 was 482 AMD/USD1).
