ArmInfo. The volume of deposits attracted by Armenian banks increased by an annualized rate of 20.7%, reaching 2.426 trillion AMD by July 1, 2017 ($ 5 billion), but only for the II quarter - by 0.5%.
According to the Central Bank data, provided by the National Statistical Service of Armenia, in the structure of deposits, the currency component grew by 14.2% to 1.519 trillion AMD a year, and AMD - by 33.2% to 906.4 billion. The share of foreign currency deposits in the total volume of bank deposits traditionally prevails over the share of dram deposits - 62.6% and 37.4%, respectively.
In the banking sector, the share of residents was 75.3% or 1.826 trillion (with annual growth of 15.5%, and only in the second quarter by 1.3%), and not residents - 24.7% or 599.3 billion (with an annual growth of 39.7% and for the quarter - a decline By 2.1%).
In the structure of deposits from residents, the share of demand deposits was 28.2% or 515.9 billion, while the share of term deposits - 71.8% or 1.310 trillion AMD. Demand deposits increased by 15.1% on an annual basis, and only in the second quarter by 3.2%. Term deposits increased by 15.6% per annum, and for the II quarter - by 0.6%.
Population's deposits in Armenian banks by July 2017 reached 1.212 trillion, having increased by 15.6% year-on-year.
According to statistical data, average interest rates on AMD deposits by July 2017 were formed at the level of 9.10%, against 12.81% a year earlier. (The calculated exchange rate of the AMD to the USD as of 30.06.17 - 480.47 AMD/USD1.)
