Annual Report 2019

Central Bank of the Republic of Armenia Notes to the 2019 consolidated financial statements 12. Placements and investments with banks and other financial institutions (continued) Placements and investments with banks and other financial institutions in domestic currency (continued) Allowance for impairment of placements and investments with banks and other financial institutions in domestic currency at amortised cost An analysis of changes in the gross carrying value and corresponding ECL in relation to Placements and investments with banks and other financial institutions in domestic currency during the year ended 31 December 2019 is as follows: In thousands of Armenian Drams Stage 1 Total Placements and investments with banks and other financial institutions in domestic currency New assets originated or purchased Assets repaid At 31 December 2019 Gross carrying value as at 1 January 2019 446,449,344 446,449,344 217,104,057 217,104,057 (227,077,338) (227,077,338) 436,476,063 436,476,063 In thousands of Armenian Drams Stage 1 Total Placements and investments with banks and other financial institutions in domestic currency ECL as at 1 January 2019 2,801,183 2,801,183 New assets originated or purchased 632,756 632,756 Assets repaid (222,275) (222,275) Changes to models and inputs used for ECL calculations (618,469) (618,469) 2,593,195 2,593,195 At 31 December 2019 An analysis of changes in the gross carrying value and corresponding ECL in relation to Placements and investments with banks and other financial institutions in domestic currency during the year ended 31 December 2018 is as follows: In thousands of Armenian Drams Stage 1 Total Placements and investments with banks and other financial institutions in domestic currency Gross carrying value as at 1 January 2018 New assets originated or purchased Assets repaid At 31 December 2018 307,508,525 264,384,650 (125,443,831) 307,508,525 264,384,650 (125,443,831) 446,449,344 446,449,344 In thousands of Armenian Drams Placements and investments with banks and other financial institutions in domestic currency ECL as at 1 January 2018 New assets originated or purchased Assets repaid Changes to models and inputs used for ECL calculations At 31 December 2018 Stage 1 Total 2,678,727 819,297 2,678,727 819,297 (462,358) (462,358) (234,483) (234,483) 2,801,183 2,801,183 13. Financial instruments at fair value through profit or loss In thousands of Armenian Drams 31 December 2019 31 December 2018 Assets Debt and other fixed-income instruments in foreign currency Foreign bonds under own management 763,710,331 Foreign bonds under trust management 614,675,994 78,054,256 Foreign money market instruments under own management 9,648,011 12,130,223 Total financial instruments at fair value through profit or loss in foreign 773,358,342 704,860,473 currency 26

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