Monday, September 26 2011 20:09
By 1 July 2011 Armenian banks and investment companies concluded transactions with securities worth 510 mln USD
ArmInfo. By 1 July 2011 the Armenian banks and investment companies concluded transactions with securities worth 188.1 bln AMD or $510 mln. According to the Central Bank of Armenia, over Jan-June 2011 the given index grew by 36.4%. In particular, over Q1 2011 it dropped by 14.6%, and over Q2 rose by 59.8% (49.6% y-o-y decline).
According to the source, the biggest share in the total volume of these transactions fell on repo/ reverse repo operations - 82%, or 154.2 bln AMD ($418 mln), with 90% of them being concluded with banks. As compared with the same period of 2010, the volume of these transactions dropped by 51.8%, and over Jan- June 2011 grew by 76.2%, particularly, the 2.1% decline in Q1 was followed by almost 80% growth in Q2. Only 0.6% of the repo/reverse repo operations were exchange transactions (49.6% annual decline, 0.8% quarterly growth).
The second biggest share fell on the government bonds - 16.4%, with which the banks and investments companies concluded transactions worth 30.9 bln AMD ($83.7 mln) by 1 July 2011. Over Q2 2011 the volume of these transactions rose by 2.3% (38.4% y-o-y decline). Only 0.2% of the transactions with government bonds were exchange transactions (96.7% y-o-y decline, 95.8% decline over Q2 against 50% growth over Q1). Over 92% of these transactions were concluded with the banks.
The equity securities occupy the third place - 1.5%. By 1 July 2011 the banks and investment companies concluded transaction with equity securities worth 2.9 bln AMD ($7.8 mln). Over Q2 the volume of these transactions rose by 70.6% (38.1% y-o-y growth). 6.8% were exchange transactions (9-fold y-o-y growth, 21.8% growth over Q2 against over 8-fold growth over Q1). Over 93% of the transactions with equity securities fell on the banks, and about 77% of exchange transactions fell on the investment companies.
By 1 July 2011 the share of the transactions with corporate bonds made up 0.1% or 162.3 mln AMD, 60% of them (exchange transactions) were concluded by investment companies. Over Q2 the volume of transactions with the corporate bonds rose by 11.7% due to the banks, because the investment companies reduced these operations by 49%.
To note, by 1 Jan 2011 the banks and investment companies concluded transactions with securities worth 137.9 bln AMD, 63.5% of them being repo/reverse repo operations, 35.8% - operations with government bonds, 0.4% - with equity securities, 0.3% - with corporate bonds. The banks prevailed in exchange transactions with government bonds, the investment companies prevailed in transactions with equity securities and corporate bonds. As regards the repo/reverse repo operations, the banks and the investment companies took an equal part in them.
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