Survey: more than 65% of Armenia’s citizens have savings, but only 6% of them keep their money in banks
31.10.2013,
19:11
About 66% of Armenia’s citizens have savings, but only 6% of them keep their money in banks, Armenuhi Mkrtchyan, 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.
YEREVAN, October 31./ARKA/. About 66% of Armenia’s citizens have savings, but only 6% of them keep their money in banks, Armenuhi Mkrtchyan, 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 stock exchange as well as Germany’s KfW Bank and SBFIC. ----0----
