MORE THAN 40 ARMENIAN COMPANIES RECEIVE RATING FROM CBA

Noyan Tapan
Jul 30, 2007

YEREVAN, JULY 30, NOYAN TAPAN. At present more than 40 Armenian
enterprises have received a rating from the Central Bank of Armenia
(CBA). Many of them have expressed willingness to enter the financial
market with their own securities. Tigran Sargsian, the Chairman of
the Central Bank of Armenia, said this at the July 27 event dedicated
to the distribution of the Valetta company’s bonds.

He reminded that CBA implements the development programs of the RA
Securities Market by cooperating with the OMX AB Swedish-Finnish
company of financial services. That company has given a consent to
purchase the Armenian Stock Exchange and the RA Central Depository.

According to T. Sargsian, the full formation of the RA securities
market will last for 10 years. It is envisaged that the annual
circulation of the Armenian Securities Market at the end of the second
year of OMX program’s implementation will make 500m USD and at the
end of the fifth year 5b USD.

From: Emil Lazarian | Ararat NewsPress