Monday, May 24 2010 15:02
Armenian Central Bank: Dollarization growth rates slow down in Armenia
ArmInfo. The dollarization growth rates have reduced in April of the current year in Armenia. The growth of the dram deposits by 1,6% over the reported month is evidence of it, whereas the dollar deposits grew just by 0,8%, this was announced at the sitting of Central Bank Council, as press-service of the bank reported.
The volumes of foreign currency crediting continue dominating over the dram crediting. In the conditions of high level of dollarization and tightening of the crediting conditions by the Central Bank since the beginning of the current year, at the initial market of the state bonds profitability of bonds with a wiping off term 1 year has grown by 1,6 points having reached 10,7%; and for the bonds with a wiping off term 3-5 years - by 0,93 points - up to 14,8%. At the same time, the REPO rates have grown by 2,2 points at the inter-bank market.
According to the Ranking of Armenian commercial banks prepared by ArmInfo, as of 1 April 2010 the sum credit portfolio of the Armenian banking system amounted to 830.6 bln drams, investments in government stocks - 84.3 bln drams and the portfolio of the time deposits - 455.3 bln drams.
RUB
USD
EUR
GBP
CAD
JPY
CNY
CHF
Expert: Electricity tariff containment in Armenia is only temporary
Political Scientist: Armenia`s withdrawal from Eurasian Economic Union (EAEU) to result in its dependence on Azerbaijani and Turkish markets
Artur Avetisyan: All discussions regarding the choice of a future NPP model will remain mere talk until there is a vision for strategic development
ATI.SU: Demand for international cargo transportation 30% up in Armenia
Civil Contract nominates Armen Ktoyan for Central Bank Board Member position
Armenia, France considering prospects for expanding technological cooperation