Tuesday, February 16 2016 19:54

ArmSwissBank was awarded Grand Prix for "Best Exchange Member 2015" in "Best member Award" of NAZDAQ OMX Armenia

ArmSwissBank was awarded Grand Prix for "Best Exchange Member 2015"  in "Best member Award" of NAZDAQ OMX Armenia

ArmInfo. ArmSwissBank was awarded the Grand Prix for "Best Exchange Member 2015" in "Best member Award" annual ceremony organized by NASDAQ OMX Armenia. 

Besides the Grand Prix ArmSwissBank won in the nominations "Best Exchange Member in Corporate Securities Market" and  "Best Member of Stock Exchange Settlement System". 
 
The Annual Ceremony is held for the 6th time in a row and aims to award most active Members of the Exchange and, for already the second time, the Depository. 
 
To note, ArmSwissBank CJSC was founded on 7 October 2004. The founder and CEO of "Franck Muller Watchland" Company, Vardan Sirmakes is the owner of 11670 (80 %) ordinary shares of "ARMSWISSBANK" CJSC. 2918 (20%) ordinary shares of the Bank belong to "Belegingsmachepij Jongo" LLC. The Bank specializes in corporate banking, investment banking and private banking. Since 2006 the bank has been government's agent in the primary market of state bonds.  In 2014 the bank organized 63% of issues on the primary market. 
 
To recall, 571 transactions on NASDAQ OMX Armenia were made in 2015 totaling 841 mln AMD (versus 3582 transactions of 6.5 bln AMD in 2014). Capitalization of stock market of Armenia in 2015 grew by 42% totaling 103.8 bln AMD (versus 73 bln AMD in 2014 and 61.7 bln AMD in 2013). 140 transactions on shares were made totaling 4.3 bln AMD in 2015 (versus 213 transactions totaling 28.8 bln AMD in 2014).  226 transactions on corporate bonds totaled 453 mln AMD (versus 343 transactions totaling 1.1 bln AMD in 2014). 325 transactions on state bonds totaled 12.1 bln AMD (versus 924 transactions amounted to 33.5 bln AMD in 2014). 2036 forex transactions were made totaling 313 mln USD or 149 bln AMD (versus 4696 transaction of 744 mln USD or 307.9 bln AMD in 2014). There was activity in swap deals in December alone:  5.4 bln AMD that was significantly higher than indictors of previous years. 
 
NASDAQ OMX Armenia is the only stock exchange currently operating in Armenia. On January 26, 2009, "Armenian Stock Exchange" ojsc was officially renamed as "NASDAQ OMX Armenia" ojsc. On June 5, 2009, "NASDAQ OMX Armenia" ojsc became the owner of 100% of the shares of the "Central Depository of Armenia" ojsc.  NASDAQ OMX Armenia and 
Central Depository of Armenia are among the main securities market infrastructure institutions in Armenia. The exchange offers to the market professionals a fully automated electronic trading platform.  
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