ArmInfo.Loan investments In the banking system of Armenia during 2022, if we exclude the effect of the exchange rate, increased by 15%, which was secured by mortgages. And deposits in Armenian banks increased by 43%. Chairman of the Central Bank of Armenia MartIn Galstyan announced this during a press conference on January 31.
"The deposit portfolio of the banking sector as of December 31, 2022 In figures, looks like this: the volume of residents' deposits amounted to 3370 billion drams, with a y-o-y growth of 29.4%, and non-residents - 1287 billion drams, with a y-o-y growth of 96.3% ", Galstyan specified. The increase in accounts and deposits in Armenian banks was provoked by a huge influx of immigrants to Armenia, mainly from Russia, where, due to the war in Ukraine and the large-scale and unprecedented anti- Russian sanctions by the collective West (including disconnection from S.W.I.F.T. , withdrawal from the Russian Federation of Visa and MasterCard payment systems, partial blocking of international social networks) banking operations and other payments were greatly hindered. According to the Express Ranking of Armenian Banks as of December 31, 2022, prepared by ArmInfo, credit investments and other loans amounted to 4.168 trillion drams ($10.6 billion), and liabilities to customers amounted to 4.987 trillion drams ($12.7 billion). The banking sector closed 2022 with a net profit of 263 billion drams ($668 million), 3-fold increasing this figure.
