Armenian investment companies’ assets grow 12% to AMD 17 billion

YEREVAN, December 16. /ARKA/. Armenian investment companies’ assets grew 12% over the third quarter, compared with the previous quarter, reaching AMD 17 billion by late September, the Central Bank of Armenia says in its quarterly review.

Their total capital amounted to AMD 2.9 billion in late September after growing by 5% over the quarter.

Securities sale/purchase transactions worth AMD 81.3 billion were effected over the period between July and September (52% quarter-on-quarter growth).

Corporate bond deals totaled AMD 1 billion in late September after contracting by 23% over the third quarter, while stock deals grew by 41% to AMD 3 billion, and government bond transaction grew 55% to AMD 77.3 billion.

According to the review, government bond deals accounted for 95.1% of the securities transactions effected in the third quarter.

Stock deals made up 3.7% and corporate bond deals 1.3% of the total amount of transactions effected for the mentioned three months.

Some 21 banks providing investment services and eight investment companies operate in Armenia now. -0-

spot_img

POPULAR

Central Bank of Armenia continued its rate hike amid prevailing inflation risks – Galstyan

The Board of the Central Bank of Armenia has decided to continue its policy of raising interest rates, taking into account the likelihood of scenarios involving increased inflation risks, stated Central Bank Chairman Martin Galstyan.

State Revenue Committee of Armenia warned of a ban on export of cash rubles from Russia to Armenia and several other countries

The State Revenue Committee of Armenia reminded about the ban imposed by Russia on the export of cash rubles to Armenia and several other countries.

Armenia’s public debt will stabilize at around 47% – Finance Minister

Armenia's public debt will stabilize at around 47% of GDP.

Central Bank of Armenia plans to develop an Open Banking concept in 2027: Galstyan assessed the prospects for cheaper financial services

The Central Bank of Armenia plans to develop an Open Banking and Open Finance concept in 2027, after which it will be formalized into law. This was announced by Central Bank Chairman Martin Galstyan.

Dili Town in Dilijan: A hotel complex with 96 partners plans to enter the international market

Seven years ago, the Dili Town concept existed only as an idea, but today it has been realized as a complex unique in Armenia – a "city within a city."

LATEST NEWS

spot_imgspot_imgspot_img