Tuesday, March 30 2010 17:55
Ameriabank provided status of agent of government bonds market
ArmInfo. Ameriabank has been provided the status of an agent of the government treasury mid-term and long-term coupon bonds market. Ameriabank's press-service told ArmInfo that the relevant status has been awarded to the bank by the Armenian Finance Ministry on 26 March 2010. At the same time, the bank is a dealer of the government treasury short-term bonds market.
The source says the bank is going to more actively work in both initial and secondary markets of government bonds. The considerable activation of the bank's activity in this market is proved by the annual dynamics of growth in the government bonds portfolio: as of 1 January 2009 this index made up 2.474 bln AMD, having increased almost three-fold to 6.792 bln AMD by 1 January 2010.
According to the Analysis and Ranking of the Armenian Banking System by the Agency of Rating Marketing Information (ArmInfo), by the volume of investment in government bonds Ameriabank abruptly rose by 5 positions in 2009, having held the 6th place in the Armenian banking system. In the structure of the bank's assets, which grew twice in 2009, the share of investment in government bonds annually grew from 5.4% to almost 7%.
The latest data of the Armenian Finance Ministry say that only dealers work in the short-term government bonds market, and only agents work in the mid-term and long-term government bonds. In particular, 21 banks (all the banks, except ProCredit Bank) and the Tonton company have the status of a dealer, and 7 banks (HSBC Bank Armenia, Ardshininvestbank, Converse Bank, ArmSwissBank, Araratbank, VTB Bank (Armenia), Ameriabank) have the status of an agent.
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