Armenian Central Bank’s overall capital increases last year fourfold to 30.4 billion drams

12.04.2010 15:56
Armenian Central Bank’s overall capital increases last year fourfold to 30.4 billion drams

STEPANAKERT, April 12, /ARKA/. Armenian Central Bank said its overall capital increased last year fourfold to 30.4 billion Drams, up from 7.7 billion Drams in late 2008.

Central Bank’s chartered capital did not change –remaining at 100 million Drams, while its major reserve grew by 15.4% or by 1.5 billion Drams to 11.4 billion Drams.

The amount of accumulated reserves after assets revaluation, available for sale, was down by 1.4 billion Drams against 163.5 million in late 2008. The volume of accumulated losses dropped by 25.5% to 65.4 billion Drams, while the amount of additional authorized capital on Central Bank’s amount –the government’s investment in Central Bank capital- did not change from late 2008 standing at 85.7 billion Drams. ($1 – 396.55 Drams). -0-


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