Assets of investing companies in Armenia decline by 6% in quarter three

14.12.2011 16:56
Assets of investing companies in Armenia decline by 6% in quarter three

YEREVAN, December 14. /ARKA/. Assets of companies implementing investment activities in Armenia declined by 6% in the third quarter of 2011 or 1.3 billion drams from the previous quarter falling to 21.2 billion drams, according to the "Bulletin of the Central Bank of Armenia" for the third quarter of 2011. It said the total capital of investment companies slashed by 15% in the third quarter to about 3.2 billion drams.

According to the report, the overall volume of transactions with securities in the third quarter increased by 6% if compared to the second quarter of 2011 to 98.5 billion drams. The volume of transactions with corporate bonds fell by 45% to 634 million drams, and the volume of transactions with shares rose by 10% to 7.2 billion drams as of September 30, 2011.

Transactions with government bonds during the third quarter were said to have increased by 6% to 90.7 billion drams. According to the bulletin, transactions with government bonds accounted for the largest portion in the total volume of transactions with securities - 92%. Transactions with corporate securities accounted for 0.6% of the total turnover, and transactions with shares for 7.3%. Investment services are provided in Armenia by 21 bank and eight investment companies. ($1 - 382.27 AMD). -0-


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