Yerevan, November 1 /Mediamax/. According to preliminary data, during the third quarter of 2006, the share of deposits in AMD in the whole volume of deposits by natural persons, made 25%.

The Director of the Deposit Insurance Fund of Armenia Artak Kyurumian said this in an interview to Mediamax. He stated that during the first quarter, the share of deposits in AMD in the whole volume of deposits by natural persons had made 11%, during the second quarter – 17%.

The Deposit Insurance Fund of Armenia guarantees the deposits both in the national currency and in the foreign ones. The maximal sum of guaranteed AMD deposits makes 2mln AMD, the foreign one – 1mln AMD. The law provides for special degrees of guaranteeing in cases, if the investor has deposits both in drams and in foreign currency.

Artak Kyurumian stated in an interview to Mediamax that the financial assets of the Fund are formed at the expense of the regular quarterly, additional and entrance guarantee fees, which are paid by all the commercial banks of Armenia, as well as in the result of the investment activities of the Fund.

“The banks pay regular fees at the sum of 0.05% from the daily residual value of the deposits for the accounting quarter, but no less than 1mln AMD annually. In case there are no enough assets to refund the deposit, the Fund may gather additional payments from all the banks. In such cases, the banks pay dues proportional to the sum of the debt deposits. The banks, which just start their activity, pay out to the Fund an entrance fee at the sum of 15mln AMD”, Artak Kyurumian stated.