SURVEY: MORE THAN 65% OF ARMENIA’S CITIZENS HAVE SAVINGS, BUT ONLY 6% OF THEM KEEP THEIR MONEY IN BANKS

YEREVAN, October 31./ARKA/. About 66% of Armenia’s citizens have
savings, but only 6% of them keep their money in banks, Armenuhi
Lazarian, head of the central bank’s division in charge of protection
of customers’ interests, said Thursday while presenting the results
of the World Bank’s survey at the final event in the My Financial
Month campaign run from October 1 to 31 in Armenia’s capital and
ten provinces.

“This gives us grounds for thinking that these people don’t understand
that keeping money in banks brings profits,” she said.

Such campaigns, she said, are planned to be run every year in Armenia.

They will enhance public awareness of financial products, financial
organizations and ways to use savings more effectively.

The program is organized by the Central Bank of Armenia, USAID Finance
for Economic Development Project, the Armenian Financial Ombudsman,
Armenia’s fund for protection of deposits, bureau of car insurers,
the Union of Banks of Armenia, the Association of Insurance Market
Participants, Mortgage Market Participants, the Union of Credit
Organizations, NASDAQ OMX Armenia stockexchange as well as Germany’s
KfW Bank and SBFIC. —-0—-

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From: Emil Lazarian | Ararat NewsPress