Mon, 28 April
15.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Armenian banks’ investments in securities increased by 35% in 9 months

YEREVAN, November 14. /ARKA/. Armenian commercial banks’ investments in securities increased by 35% in the first 9 months of 2017, when compared to the same period of last year, amounting to 502 billion drams, according to Arka news agency’s financial and economic bulletin “Banks of Armenia” for the third quarter of 2017. Compared to the beginning of this year they grew by 9.5%.

The share of banks’ investments in securities accounted for 12.18% of their total assets. It should be noted that about 89.9% of the banks’ investments in securities – 451.7 billion drams were investments in government bonds.

The top five banks in terms of investments in securities were ArmSwissbank, Ameriabank, Anelik Bank, Araratbank and Inecobank, which accounted for 211.8 billion drams or 46.7% of all investments in securities.

ArmSwissbank investments in securities amounted to 51% of its total assets or 81.6 billion drams, which were 31.8% more than at the beginning of the year. ArmSwissbank, in addition to providing traditional banking services, provides also investment services and often acts as an underwriter or market maker.

Ameriabank’s investments totaled 63.6 billion drams (an increase of 30%), those of Anelik Bank – 30.1 billion drams (an increase of 60.9%), Araratbank’s investments stood at 29.89 billion drams (a decline of 14, 3%) and those of Inecobank grew by 28.2% to 29.84 billion drams.

The combined assets of 17 Armenia-based commercial banks as of the end of September 2017 amounted to 4 120.7 trillion drams (an increase of 0.76% from the beginning of the year). ($ 1 – 487.29 drams). -0-

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

LATEST NEWS

spot_imgspot_imgspot_img