Repo agreements of Armenia’s Banks valued at AMD 37.6 bln in Q2, up by 1.9%
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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Armenian Banks Buy $68.5 Million At Inter-Bank Forex Market Between Jan 31 And Feb 4
04.02.2011 19:56
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 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
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
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
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