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Repo agreements of Armenia’s Banks valued at AMD 37.6 bln in Q2, up by 1.9%

14.08.2013 13:40

Repo agreements of Armenia’s Banks valued at AMD 37.6 bln in Q2, up by 1.9%

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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Armenian Banks Buy $68.5 Million At Inter-Bank Forex Market Between Jan 31 And Feb 4

04.02.2011 19:56

Armenian Banks Buy $68.5 Million At Inter-Bank Forex Market Between Jan 31 And Feb 4

Armenian commercial banks bought a total of $68.5 million at the local inter-bank foreign exchange market between January 31 and February 4

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IMF: Value Of Armenian Dram Somewhat Overestimated

20.12.2010 22:31

IMF: Value Of Armenian Dram Somewhat Overestimated

IMF newly appointed Resident Representative to Armenia, Mark Horton, said today that value of Armenian dram has been somewhat overestimated.

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Local manufacturers stricken hard by artificially overrated value of Armenian dram

22.03.2010 10:23

Local manufacturers stricken hard by artificially overrated value of Armenian dram

Artificially overrated value of Armenian national currency has struck hard at local manufacturers, Vahan Hovhannisyan, the head of Armenian Revolutionary Federation Dashnaktsutyun’ faction in National Assembly, said Friday at a briefing.

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Ameriabank official says dram to lose its value this year

26.02.2010 21:14

Ameriabank official says dram to lose its value this year

Tigran Jrbashian, Ameriabank’s development director, said today Armenia’s national currency, Dram, will be losing its value throughout the year.

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Former prime minister says Armenian dram on track of losing its value

24.02.2010 19:39

Former prime minister says Armenian dram on track of losing its value

Former prime minister says Armenian dram on track of losing its value

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