Friday, September 14 2012 18:10

Key reason why Armenian banks are reducing their investments in government bonds is that they are short of AMD funds


ArmInfo. The key reason why the Armenian banks are reducing their investments in government bonds is that they are short of AMD funds but they still continue actively buying the bonds, President of the Union of Banks of Armenia Ashot Osipyan said during the Union's press-conference on Friday.

According to ArmInfo's Ranking of Commercial Banks of Armenia, in Jan- June 2012 the Armenian banks invested in governmental bonds a total of 140.9bln AMD ($337.1mln) - 27.8% more than in Jan-June 2011. In Q2 2012 the index dropped by 2.4% against 8.2% drop in Q2 2011.

In Q2 2011 the share of government bonds in the banks' assets dropped from 6.8% to 6.3%, in Q1 2012 rose to 7% and in Q2 2012 dropped to 6.4%.
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Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2