Tuesday, February 7 2017 18:26

ArmInfo. The volume of  deposits attracted by Armenian banks increased by 23.7% in 2016, only  for the IV quarter - by 14.3%, reached by January 1, 2017 2.413  trillion ($5bln). In their structure is traditionally dominated by  foreign currency deposits voer the dram - 64.6% against 35.4%.  According to National Statistical Service of Armenia, the currency  component increased in annual terms by 10.5% in the structure of  deposits, and for the IV quarter - by 22.5%, amounting to 1.558  trillion. AMD, and the AMD component by 21.9% and 44% - up to 855.2  billion drams respectively. 

In the banking attract, the proportion of residents was 73% or 1.8  trillion. AMD (annual growth of 17.3% and quarterly - by 7.7%), and  non-residents - 27% or 651.5 billion drams. (with an annual growth of  45% and quarterly - 37.2%).

In the structure of deposits from residents in the proportion of  demand deposits it had 28.2% or 496.7 billion drams, while the share  of fixed-term - 71.8% or 1.3 trillion. AMD. Demand deposits increased  by 10.3% over the year, and for the IV quarter - by 8.1%, while time  deposits showed a significant increase - 20.3% on annual basis and  7.5% - in the quarterly.  Deposits in Armenian banks by January 2017.  exceeded $ 1 trillion. AMD, having increased in annual terms by 14.9%  and quarterly - by 7.7%.  According to NSS, the average interest  rates for AMD deposits formed in December at the level of 9.82%,  against 14.06% a year earlier and 13.33% in the previous quarter.  (Current rate of dram on 31.12.2016g was 483.94 AMD / $ 1).