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Central Bank: By 1 April 2016 overdue loans in Armenian banks grew by 22.5% over year

Mass Media: Bodyguards of Transport Minister detained under case over beating of businessman's son Sergey Abovyan

Stepanakert: The territories the Armenian side lost in April were mostly part of the buffer zone around Nagorno Karabakh

Federica Mogherini says next annual Eastern Partnership Foreign Ministers' meeting will be held in spring of 2017

Seyran Ohanyan has not met with Samvel Babayan

PACE Co-rapporteurs: Those responsible for atrocities in Karabakh conflict zone should be held fully accountable

Expenses of Armenian President's Administration up 10% in 2015

Prime minister: Supply of Russian weaponry to Armenia launched

Serzh Sargsyan and Seyran Ohanyan to discuss Karabakh problem in presidential residence tonight

Two-fold growth of loan restructuring applications registered in VTB Bank (Armenia)

Head of Armament Unit of Armenia's Armed Forces dismissed

Sharmazanov: Genocide of Christians in Ottoman Turkey, IS actions and Azerbaijani aggression have same handwriting

Ex-president of Armenia included in list of candidates for election to the new Board of Directors of JSFC Sistema

Mammadyarov: Status quo in Karabakh conflict may lead to severe military clashes

Trial over case of the cardboard tank that "crashed" into NSS building is still going on

Tatoul Manaseryan: Top power branches have a great number of caterpillars

Штормовой ветер срывал крыши домов и не на шутку напугал жителей Еревана

Armenian President attends ceremony of unveiling of Memorial to Marshal Hamazasp Babajanian

Bostanjyan calls for reducing all expenses having no crucial significance to state

OSCE PA Special Representative for South Caucasus arrives in Armenia

Seyran Ohanyan: Territories lost during April war were part of Artsakh

Armenian Defense Ministry responds to media reports about dismissal of commander of Mataghis regiment

Greek Defense Minister: Nagorno Karabakh conflict should be settled exclusively through peaceful means

Armenia and China discuss issue to boost cooperation

Baku trying to shift responsibility for April flare up in Karabakh onto Armenian side

Azerbaijani armed forces fire at Azerbaijani-Armenian border

Vice Speaker of Armenian Parliament: Due to parity in international statements on Karabakh problem, the peace process has been going round in a circle for nearly 20 years

Criminal case over embezzlement at ENA CJSC sent to court with a crime sheet

On May 21 as many as 112 museums of Armenia to open their doors to visitors from 6 pm till midnight

Average life expectancy for Armenia is 74.8 years, according to World Health Statistics: Monitoring Health for the SDGs

Samvel Farmanyan: Agramunt is not the politician to have any influence on Karabakh conflict settlement

Lydian International: financing package of Amulsar program is approved. Construction will launch in upcoming months

Serzh Sargsyan: April war has once again proved unity of our nation in its pursuit of liberty and protection of independence

Azerbaijan breached ceasefire agreement using various small arms

ACBA Leasing participates in "Week of Economic Capacities" as financial partner

Bako Sahakyan addressed to participants of 2nd forum of Armenian Political Parties launched in Stepanakert

Stepanakert rejects Baku's accusations of alleged use of prohibited shells with white phosphorus

EEU Prime Ministers agreed on establishing common market of petroleum and petroleum products and terms of adopting new common customs code

Armenian president presented to EEU prime ministers latest developments around Nagorno-Karabakh problem

Parliamentary opposition is skeptical about Armenian Prime Minister's intention to fight corruption

Loss of 800 hectares by Armenian side causes stormy debates at Armenian Parliament

Zhirayr Sefilyan says he is ready to assume authority for restoring Karabakh's territorial integrity by force

Dmitry Medvedev: My second visit to Armenia within a month speaks of the high level of the allied relations of Yerevan and Moscow

Beeline Communication Museum to join Museum Night event

Russian foreign ministry: Sargsyan and Putin will probably meet in Astana on May 31

Inhabitants of Garni and Goght demand from Hovik Abrahamyan and Ishkhan Zakaryan to cancel construction of irrigation systems designed for their own needs

PACE Chair: "All conflicts must be solved within the territorial integrity of the countries"

EEU Summit of Prime Ministers due to commence in Yerevan

Nagorno Karabakh disclaims Azerbaijan's allegations

Analyst: Baku got green light to unleash April aggression basing on principle "take whatever you can, we will not allow your defeat"

Regional

Armswissbank: The mid-term bonds of the National Mortgage Company (NMC) (of the 10th tranche) are a profitable and effective injection

  • by Elita Babayan

  • Wednesday, May 28, 05:42

The mid-term bonds of the National Mortgage Company (NMC) (of the 10th tranche) are a profitable and effective injection,_ deputy executive  director, head of the investment department of Armswissbank, being the market-maker of the corporate papers of the NMC, Karen Turyan, told Arminfo correspondent.  He recalled that the demand for the corporate mid-term bonds of the NMC surpassed supply by 2,5 times and amounted to about 2,5 billion AMD in the conditions when the placement was guaranteed. 

He said that as a market-maker the bank purchased just 50 million AMD. 

When touching on the general market tendencies, he said a tendency of decrease of interest rates of the state bonds has been noticed at the securities market. This raises attractiveness of the corporate securities. He thinks that by the end of 2014, when the issue of introduction of the mandatory pension system will be  finally resolved in Armenia, the activeness among  potential issuers  of the bonds will grow. 

On 19 May 2014 NASDAQ OMX Armenia granted "Armswissbank" cjsc, which is the exchange member since September 14, 2007, status of market maker for the 10th issue of corporate bonds, issued by "National Mortgage Company" RCO CJSC (NMCCB2A) and listed on the exchange's Abond list. 
To note, on 15 May 2014 this issue of the NMC's bonds comprising 10,000 coupon bonds for a total value of AMD 1 bln, maturity period of 36 months and coupon yield of 10%, was listed on Abond list of NASDAQ OMX Armenia and allowed to manual and REPO trading. 

As a market maker of mentioned bonds, Armswissbank will provide liquidity, thus enhancing investors' opportunity to buy and sell the bonds in the secondary market. Noteworthy that Armswissbank is also the market maker of the common nominal stocks issued by "Artsakh HEK" ojsc (AHEK) and listed on NASDAQ OMX  Armenia's secondary (B) list.
Armswissbank was established on October 7, 2004 as a closed joint stock company and on February 25, 2005 was granted banking license N84 by the Central Bank of Armenia. The Bank's shareholders are Mr. Vardan Sirmakes:  CEO, founder and 100% owner of "Frank Muller Watchland" company and BELEGGINGSMAATSCHAPPIJ JONGO B.V., owning 80% and 20% of the Bank's shares, accordingly. Armswissbank works in three main directions: corporate, investment and private banking.

 

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