7 Armenian companies list on Armex
28.08.2008,
03:04
Seven local companies have listed their bonds (9 issues) on the Armenian Stock Exchange (ARMEX), with two being financial organizations, reported Arkadi Pinachyan, head of ArmSwissBank’s the corporate finance department.
YEREVAN, August 27. /ARKA/. Seven local companies have listed their bonds (9 issues) on the Armenian Stock Exchange (ARMEX), with two being financial organizations, reported Arkadi Pinachyan, head of ArmSwissBank’s the corporate finance department.
The total value of the bonds is 4.1bln drams. ArmSwissBank has been the underwriter of four issues with a total yield of 2.5bln drams.
According to Pinachyan, Valletta Ltd with its two issues has signed 20% of transactions on ARMEX. He said many changes occurred in local banking system last year, and the leaders of the stock market were Valletta and Armenian Copper Program.
ArmSwissBank with 100% Swiss ownership was licensed on February 25, 2005.
The bank’s assets and capital totaled 22.4bln drams and 3.9bln drams respectively as of end-June.
The first-half net profit was 92.6mln drams. The bank’s balance sheet profit amounted to 343.2mln drams as of end-June. ($1 – 304.54 drams ). –0--
The total value of the bonds is 4.1bln drams. ArmSwissBank has been the underwriter of four issues with a total yield of 2.5bln drams.
According to Pinachyan, Valletta Ltd with its two issues has signed 20% of transactions on ARMEX. He said many changes occurred in local banking system last year, and the leaders of the stock market were Valletta and Armenian Copper Program.
ArmSwissBank with 100% Swiss ownership was licensed on February 25, 2005.
The bank’s assets and capital totaled 22.4bln drams and 3.9bln drams respectively as of end-June.
The first-half net profit was 92.6mln drams. The bank’s balance sheet profit amounted to 343.2mln drams as of end-June. ($1 – 304.54 drams ). –0--
