PAPER PAYMENTS BY ARMENIAN BANKS GROW 1.3FOLD IN THIRD<br /> QUARTER OF 2007 ON SAME PERIOD OF 2006 <br />


PAPER PAYMENTS BY ARMENIAN BANKS GROW 1.3FOLD IN THIRD
QUARTER OF 2007 ON SAME PERIOD OF 2006

  • 13-11-2007 20:00:00   | Armenia  |  Economy
YEREVAN, NOVEMBER 13, NOYAN APAN. The paper payments by the Armenian banks in the third quarter of 2007 made up 13.6% of the total amount of their payments and 0.37% of the total number (their amount grew 1.3fold on the same period of 2006, while their number remained almost the same). According to the press service of the Central Bank of Armenia (CBA), the average daily number of paper payments by the CBA made 170 payments of the amount of 5.3 bln drams (over 15 mln 688 thousand USD) - the average daily amount of transfers grew by 3 bln drams on the third quarter of 2006, while the average amount of a paper transfer grew by about 16 mln drams on the third quarter of 2006 and made 31.3 mln drams. The growth of paper transfers is mainly conditioned by repo and counter-repo operations. 23 paper transfers of 8.9 bln drams were made between commercial banks in the third quarter of 2007.
  -   Economy