Tue, 1 July
29.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Central Depository of Armenia takes over AECSD chairmanship

YEREVAN, November 29. /ARKA/. The Central Depository of Armenia has assumed chairmanship at Association of Eurasian Central Securities Depositories (AECSD), the press office of the depository reports.

According to the press office, the Association of Eurasian Central Securities Depositories (AECSD) and the Advisory Committee on Financial Markets under the Board of the Eurasian Economic Commission (EEC) have signed a memorandum of cooperation.

The signing ceremony was attended by Timur Zhaksylykov, Minister for Economics and Financial Policy of EEC, and Vahan Stepanyan, CEO of the Central Depository of Armenia, AECSD Chairman.

“Signing the memorandum of cooperation is a starting point for the development of further relationships between EEC and AECSD. Partnership on common projects will bring more investment on integration processes of the Eurasian economic region,” Vahan Stepanyan is quoted in the press release.

“The development and prospering of the economic markets can only become possible with well-coordinated cooperative work. This partnership of the two companies will enhance the development of securities market infrastructure in the Eurasian region and creation of actual financial services,” Timur Zhaksylykov id quoted in the press release as well.

The signatories noted that joining forces and expanding cooperation is extremely important for the development of integration processes in the Eurasian region, for creating a unified infrastructure of the securities market and introducing new financial technologies. The depositories of the Eurasian Economic Union (EEU) member countries play the key role in these processes.

Later in September 2020 Armenia will host the AECSD annual conference.

The Central Depository of Armenia is fully owned by Armenia Securities Exchange or “AMX”, formerly NASDAQ OMX Armenia. -0—

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img