Tue, 8 April
12.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Armenian commercial banks’ investments into securities grow by 11.9% to 86.9 billion Drams

YEREVAN, December 15, /ARKA/. Armenian commercial banks’ investments into securities in the first nine months of 2009 grew by 11.9% from the beginning of the year to 86.9 billion Drams, making 6.86% of all their aggregate assets, down from 7.49% at the beginning of the year.

According to the banks’ provisional reports, the overall investments of 22 Armenian commercial banks in securities as of September 30, 2009 stood at 90.7 billion Drams, of which 95.81% were investments in state treasury bonds.

The list of biggest investors was topped by ArmSwiss bank which invested 16.8 billion Drams, of which 16 billion Drams were invested in state treasury bonds. The bank earned 761.7 million Drams of interest returns ( 44.56% of all its return on interest).

The second was HSBC Bank Armenia with 9.16 billion Drams, including 9.12 billion Drams of investments in state treasury bonds. Its return on interest made 514.1 million Drams.

Other leaders were Bank VTB Armenia with 6.676 billion Drams of investments in securities, including 95.32% in state treasury bonds, Ameriabank (6.672 billion Drams and 95.80% respectively), and Unibank ( 6.1 billion and 99,55% respectively). There are 22 commercial banks in Armenia with 365 branches. ($1 – 383.07 Drams). -0-

spot_img

POPULAR

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

LATEST NEWS

spot_imgspot_imgspot_img