Central Bank’s assets slash by 19.3 percent (272.9 billion drams) in third quarter to 1.141.9 trillion drams

25.11.2014 17:41
Central Bank’s assets slash by 19.3 percent (272.9 billion drams) in third quarter to 1.141.9 trillion drams

YEREVAN, November 25. / ARKA /. Armenia’s Central Bank said today its total assets have slashed by 19.3 percent (272.9 billion drams) in the third quarter from the beginning of the year to 1.141.9 trillion drams as of September 30.

According to the regulator’s balance sheet, the assets in foreign currency fell to about 64.3% of total assets from 68.6% at the end of 2013 to the equivalent of about 733.7 billion drams. The reduction amounted to 237.3 billion drams or about 24.4%.

The regulator’s assets in foreign currency kept in banks and other financial institutions stood at about 166.6 billion drams, a 44 percent decline from the beginning of the year.

The assets in foreign currency kept with IMF dropped to 55.7 billion drams from 58.2 billion drams at the end of 2013.

The amount of foreign exchange set aside for sale did not change staying at the equivalent of 6 billion. Assets held until maturity dropped by 18.2 percent to about 96.7 billion drams as of September 30 (a drop of 18.2 percent).

Total foreign exchange investments of the Central Bank in financial instruments fell to 409.5 billion drams from 490.7 billion drams at the end of 2013.

The amount of cash in foreign currency reduced by 11.2 percent to about 4.9 billion drams. Other assets in foreign currency rose to 177.8 million drams from 124.9 million drams at the beginning of 2014. Assets in drams at the end of the third quarter fell by about 8 percent from the beginning of the year to 408.1 billion.

Central Bank’s investments in dram assets available for sale grew by 11.2 percent from the beginning of the year to 176.4 billion drams. The amount of fixed assets in drams fell by 0.6 percent to 69.5 billion drams, while intangible assets declined by 10.8 percent to 995.4 million drams. Other assets of the Central Bank grew by almost 11 percent to 9.9 billion drams. ($ 1 - 435 drams). -0-


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