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

IDBank and Idram Hold Financial Literacy Session for Young Chess Players

IDBank and Idram continue their series of financial literacy sessions.

Freedom Broker Armenia Director Expects Pause in Central Bank Rate Hike, but Points to Conditions for Further Increases (EXCLUSIVE)

The Central Bank of Armenia's further decisions on the refinancing rate will depend on inflation dynamics and its structure, according to Freedom Broker Armenia Director Hovak Hovakimyan.

CUBE INVEST becomes the first investment company to list AMD 5 billion worth of bonds on AMX

An important precedent has been set in the Armenian capital market: for the first time, an investment company has listed its bonds on the Armenian Securities Exchange (AMX).

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.

Russian restrictions on the export of cash rubles will not significantly impact labor migrants and relocators —  Armenian Central Bank Governor

Restrictions on the export of cash rubles from Russia are not expected to have a significant impact on labor migrants from Armenia and relocators, according to Martin Galstyan, Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img