Central bank’s assets slash by 0.9 percent in Armenia in Q1

27.05.2015 11:01
Central bank’s assets slash by 0.9 percent in Armenia in Q1

YEREVAN, May 26. /ARKA/. Armenia’s Central Bank said on Monday its total assets have slashed by 0.9 percent (12 billion drams) in the first quarter from the beginning of the year to 1,353 billion drams as of March 31.

According to the regulator’s balance sheet, the assets in foreign currency fell to about 56.4% of total assets from 56.5% at the end of 2014 to the equivalent of about 762.9 billion drams. The reduction amounted to 8.1 billion drams or about 1%.

The regulator’s assets in foreign currency kept in banks and other financial institutions stood at about 263.5 billion drams, an 11.3 percent increase from the beginning of the year.

The assets in foreign currency kept with IMF dropped to 60.3 billion drams from 66.3 billion drams at the end of 2014.

The amount of foreign exchange set aside for sale remained almost unchanged from the beginning of 2014, at the equivalent of about 1.6 billion drams. Assets held until maturity dropped by 14.4 percent to over 80.6 billion drams as of March 31.

Total foreign exchange investments of the Central Bank in financial instruments fell to 340.6 billion drams from 355.3 billion drams at the end of 2014.

The amount of cash in foreign currency reduced by 2.6 percent to about 17.8 billion drams. Other assets in foreign currency fell to 152.5 million drams from 240.4 million drams.

Assets in drams at the end of the first quarter fell by about 0.6 percent from the beginning of the year to over 590.1 billion drams.

Central Bank’s investments in dram assets available for sale grew by 11.4 percent from the beginning of the year to about 210.7 billion drams. The amount of fixed assets in drams fell by 1 percent to about 69.7 billion drams, while intangible assets declined by 4.2 percent to 974.5 million drams. Other assets of the Central Bank grew by 2.5 percent to 9.6 billion drams. ($ 1 – 477.36 drams). –0--


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