Sun, 7 September
22.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Assets of Armenia’s investment companies surge 7.2% to AMD 26.6 bln in February

YEREVAN, April 11. /ARKA/. The assets of investment companies of Armenia climbed by 7.2% to 26.6 billion drams in February 2013, compared to a month earlier, according to the monthly newsletter of Armenia’s Central Bank.

The aggregate equity of investment companies stood at 3.7 billion drams decreasing by 2.7% from January.

At the same time, the retained earnings of investment companies valued at 646.6 million drams (February) versus 664.5 million drams (January), 2.7% decrease.

Purchasing/selling of securities at Armenia’s stock exchange rose by 27.9% to 34.2 billion drams.
Corporate bond transactions dropped by 66.2% in February to 28.6 million drams, no purchasing/selling of shares was reported in February.

Government bond  deals upped by 9.3% in February to 1.9 billion drams. Repo transactions in February were 32.3 billion drams against 24.2 billion drams in January (33.6% growth).
According to the CB, Repo transactions accounted for the biggest share in all deals with securities –94.4 %, government bonds –5.5%, corporate bonds –0.08%.

As of February 28, there are 21 commercial banks in Armenia which offer investment services, and 9 investment companies. ($1 – 418.31 drams). —0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Acba Bank’s 66th branch launched

Acba Bank has launched its 66th branch, "Homeplex Mall". The branch is open from Monday to Sunday from 09:00 to 24:00 (cash service: 09:00-21:15).

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img