Tuesday, July 4 2017 17:27
Alina Hovhannisyan

Armenian banks recorded a significant increase in AMD deposits on background of a moderate increase in foreign exchange

Armenian banks recorded a significant increase in AMD deposits on  background of a moderate increase in foreign exchange

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).

POST A COMMENT
Input digits     


News


Exchange rates
27.05.2020
RUB6.830.02
USD483.910.09
EUR533.663.25
GBP597.531.90
CAD352.474.05
JPY44.950.01
CNY68.070.21
CHF499.34-0.37



Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000