14.08.2013 13:40
YEREVAN, August 14. /ARKA/. Repo agreements (repurchasing agreements) of Armenia’s commercial banks valued at 37.6 billion drams in the second quarter, which was 1.9% higher from Q1 2013.
According to an analysis by ARKA, Armbusinessbank tops the list of banks with highest volume of repo agreements. Its repo agreements accounted for nearly 34.07% of all repo operations made by the Armenian banks. As of the end of June 2013, the bank’s repo agreements valued at 12.8 billion drams, which was 10.7% higher from the first quarter.
Armbusinessbank is followed by VTB Bank (Armenia) –4.7 billion drams, up by 1.2% (12.59% share in overall volume of banks’ repo operations), Artsakhbank– 3.9 bln drams, up by 11.3% (10.48%), Bank Prometey – 2.5 billion drams, down by 26% (6.67%) and HSBC Bank Armenia– 2.5 bln drams, down by 17.5% (6.58% share).
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