Beneficial

The following are the guaranteed amounts of deposits

• In the event that a depositor holds in the bank a bank deposit only in Armenian drams, the rate o insured funds is 16 million Armenian drams
• In the event that a depositor holds in the bank a bank deposit only in foreign currency, the rate of insured funds is 7 million Armenian drams
• In the event that a depositor holds in the bank deposits both in Armenian drams and in foreign currency, and the amount of the bank deposit in AMD is in excess of 7 million drams, only the bank deposit in AMD shall be secured- in 16 million AMD
• In the event where a depositor has dram and foreign currency denominated deposits in the insolvent bank, and the amount of dram denominated deposit is less than 7 million Armenian drams, dram denominated bank deposit is subject to guarantee in full, and foreign currency denominated bank deposit is subject to refund in the amount equal to difference between 7 million Armenian drams and the reimbursed dram denominated bank deposit