ArmInfo.The volume of deposits attracted by Armenian banks increased in 2018 by 12.7%, and only in the fourth quarter - by 5.2%, reaching 2.9 trillion by January 1, 2019. drams (over $ 6 billion). In their structure, currency deposits traditionally dominate over dram deposits - 60.4% against 39.6%.
According to the Statistics Committee of the Republic of Armenia, in the structure of deposits, the currency component grew by 12.7% per year, but only in the fourth quarter - by 4.7%, making1.8 trillion drams, and drams - by 12.6% and 5.8%, respectively, amounting to 1.1 trillion.
dramsIn the bank attraction, the share of residents was 76% or 2.2 trillion. drams (with an annual growth of 6.7% and quarterly - by 5.2%), and non-residents - 24% or 709.7 billion drams (with an annual growth of 36.9% and quarterly - by 5.1%).In the structure of deposits from residents, the share of demand deposits accounted for 33% or 741.4 billion drams, while the share of term deposits accounted for 67% or 1.5 trillion. drams Demand deposits increased by 14.6% over the year, and by 10.3% in the fourth quarter, while time deposits increased by 3.2% in annual terms and by 2.8% in quarterly terms.Population deposits in Armenian banks by January 2019 reached 1.5 trillion. drams, an increase in annual terms by 8.3% and quarterly - by 5.1%.
According to statistical data, on average, interest rates on dram deposits in December 2018 formed at the level of 8.57%, against 8.41% in December 2017 and 8.63% in September 2018. (The estimated exchange rate of dram at 31.12.2018 was 483.75 dr / $ 1).