Deposits and loans in commercial banks saw a slight increase in May, primarily driven by the growth of funds denominated in Armenian drams.
This information comes from the World Bank's monthly report on Armenia's economic development.
The total amount of deposits increased by 3.2% in May, compared to a slight growth of 0.4% in April. This was driven by a 3.4% increase in deposits in drams.
Loans also increased by 2.2%, primarily due to a 2% growth in loans denominated in drams.
