Volume of deposits, credits continues to grow; highest figure recorded in April

10:05, 1 June 2023

YEREVAN, JUNE 1, ARMENPRESS. The total bank deposit portfolio of Armenia comprised 5 trillion 134 billion 447 million AMD in April 2023, surpassing the record high indicator recorded in December 2022 which stood at 5 trillion 122 billion 579 million. The April indicator grew twice compared to the same period of 2018.

Deposits of Armenian commercial banks grew 31,21% in April 2023 compared to the same month of 2022.

Resident deposits volumes stood at 3 trillion 821 billion 478 million AMD, the highest result recorded.

The credit portfolio of banks (excluding credit organizations) set a new record in April, totaling 4 trillion 409 billion 409 million AMD, surpassing the previous record set in March 2023 by 0,47%.

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2023/06/01/volume-of-deposits-credits-continues-to-grow-highest-figure-recorded-in-april/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS