BALANCE OF DEPOSITS ATTRACTED FROM POPULATION BY ARMENIAN BANKS GROWS BY 27.6% IN ONE YEAR

Noyan Tapan
May 14 2007

YEREVAN, MAY 14, NOYAN TAPAN. As of March 31, 2007, the monetary base
made 264 bln 812 mln drams (about 736 mln 735 thousand USD) in Armenia,
growing by 6 bln 408 mln drams or 2.5% on the previous month.

According to the RA National Statistical Service, as of March 31,
2007, broad money amounted to 482 bln 928 mln drams, growing by 13
bln 283 mln drams or 2.8% on the previous month.

As of the same day, the balance of deposits attracted by the banks
from the population made 131 bln 940 mln drams, increasing by 5 bln
837 mln drams or 4.6% on the previous month, and by 28 bln 522 mln
drams or 27.6% compared with the respective index of last year.