Thu, 31 July
32.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Araratbank: percent rates of bonds increased during the last 2-3 years in Armenia

YEREVAN. June 17. /ARKA/. Percent rates of bonds increased during the last 2-3 years in Armenia, said Deputy Executive Director of Araratbank Davit Harutyunyan on Friday.

“Today the percent rates of bonds significantly increased making about 12% whereas, for example, in 2009 the percent rate of bonds was 10%”, said Harutyunyan.

Despite the active increase, certain decline of percent rates is expected in the nearest future.

Though the rates of state bonds is high in the market – about 14%, in the secondary market they are also 12%, that is why the bonds of the banks are offered practically by the same terms but in a shorter period of time – 2 years whereas the terms of state bonds are 2.7-2.8 years.

As for general tendencies of Armenian capital market, Harutyunyan considers that the main changes were related to the international financial crisis which was not significant in Armenia but in its result many banks refused the placement of earlier planned emissions. Nevertheless, capital market in Armenia is gradually rehabilitated. Moreover, it is planned to conduct several emissions in the country in the nearest future and there are preconditions for market development. –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

LATEST NEWS

spot_imgspot_imgspot_img