ARMENIAN BANKS RAISE $1.6 BILLION DEPOSITS FOR JAN-NOV 2009
ArmInfo
11.01.2010
ArmInfo. Deposits raised by Armenian commercial banks for Jan-Nov 2009
were up 37.4%, and 1.4% for November totaling 640.3 billion drams ($1.6
billion). In the structure of raised deposits, the share of deposits
in Armenian dram was 27.3% or 174.6 billion drams ($452.7 million),
the share of deposits in foreign exchange was 72.7% or $1.2 billion
(465.7 billion drams). The share of deposits in drams was down 0.8%
for November 2009 and 21.5% for Jan-Nov 2009. Similar growth was
registered on deposits in foreign exchange.
By preliminary data of Armenian Central Bank provided to ArmInfo by
the National Statistical Service of Armenia, the share of deposits
of non-residents was 20.1% (0.2% growth in November and almost
doubling in Jan-Nov) or 128.8 billion drams, including 7.2 billion
dram deposits in drams (17.4% decline in November and 32.2% decline
in Jan-Nov 2009). The share of deposits of non-residents in foreign
exchange totaled 121.6 billion drams (1.5% growth in Nov and almost
doubling for Jan-Nov 2009). Deposits of residents made up almost 80%
of total or 511.6 billion dram including 167.5 billion drams deposits
in terms of Armenian dram (1% decline in Nov and 22.8% decline for
Jan-Nov 2009). Deposits of residents in foreign exchange totaled
344.1 billion drams (3% growth for Nov and almost doubling for Jan-Nov
2009). The share of call liabilities in deposits of residents was 39.4%
or 201.4 billion drams (1.4% decline in Nov and 19.6% growth in Jan-Nov
2009), the share of time deposits was 60.6% or 310.1 billion drams
(3.7% growth in Nov and 41,3%fpr Jan-Nov 2009). Call liabilities in
drams fell 1.5% in Nov and grew 5% for Jan-Nov 2009 to 104.8 billion
drams, whereas call liabilities in foreign currency fell almost 1.3%
in Nov and grew 41% in Jan-Nov to 96.6 billion drams. Time deposits in
drams fell 0.04% in Nov and almost doubled for Jan-Nov totaling 62.6
billion drams, whereas time deposits in foreign exchange grew 4.8%
in Nov and over doubled for Jan-Nov totaling 247.5 billion drams.
Balance of population deposits as of December 1 2009 totaled 282
billion drams growing 2.4% versus October and 39.3% per year. Time
deposits of the population grew 3.3% for November 2009 and 41.6%
per year totaling 211.8 billion drams. Interest rates on deposits
in terms of Armenian dram were up from 8.24% to 8.59% over November,
which was 0,88 percentage points higher than in January.
From: Emil Lazarian | Ararat NewsPress
