Armenia’s banking system serves 745,000 clients by end of May 2006

ARMENIA’S BANKING SYSTEM SERVES 745,000 CLIENTS BY END OF MAY 2006

ARKA News Agency, Armenia
Aug 1 2006

YEREVAN, August 1. /ARKA/. In May 2006, the number of clients served
by Armenia’s banking system increased by 9,955 and reached 745,075.

The RA Statistical Service reports that legal entities numbered 37,884
and individuals 707,191.

By May 31, 2006, 919,292 accounts had been registered at Armenia’s
commercial banks, 865,056 of them individual accounts. The combined
accounts of the Armsavingsbank involve 3,469.5ths people.

By June 30, 2006, the balance of deposits attracted from the population
had amounted to AMD 102,748 – an AMD 860 or 0.8% increase.

It increased by AMD 25,243mln or by 32.6% compared to the corresponding
period of last year. P.T.