  Volume of interbank overnight credits at NASDAQ OMX Armenia totaled AMD 576bln in 2010 February 1, 2011 - 13:37 AMT PanARMENIAN.Net - Director of NASDAQ OMX Armenia Armen Melikyan said that the launch of overnight credits market is among achievements of the stock exchange. The volume of interbank overnight credits provided via the NASDAQ OMX Armenia credit market since its launch stood at AMD 576 billion. A total of 1,700 deals were concluded, Melikyan told a press conference in Yerevan. “In April 2010, the average weighted interest rate totaled 10.43%, decreasing to 5.1% in December,” Melikyan said, adding that the maximum rate for overnight credits totaled 12%, while minimum was 2%. Credits provided in the NASDAQ OMX Armenia credit market are denominated in Armenian Drams, with lenders and borrowers being the Armenian banks.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
