Armenian investment companies’ undistributed profits grow 2.5 times in 2016

16.02.2017 15:15
Armenian investment companies’ undistributed profits grow 2.5 times in 2016

YEREVAN, February 16. /ARKA/. Armenian investment companies’ undistributed profits grew 2.5 times in 2016, compared with the previous year, to AMD 1 951 million, the Central Bank of Armenia reports.

They assets totaled AMD 41.6 billion in late 2016 after growing 45.1% over one year.

The investment companies’ aggregate liabilities amounted to AMD 35.1 billion showing a 43.1% year-on-year growth and their total capital reached AMD 6.5 billion after growing 1.5 times in 2016, compared with 2015.

According to the central bank, eight investment companies operate in Armenia now. The country’s 17 commercial banks provide investment services at securities markets as well. ($1 – AMD 486.62). --0---


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