ArmInfo. Armenia's capital market will continue to expand at a rapid pace, which will also be reflected in the country's economic development.
This forecast was shared by Arman Barseghyan, Ameriabank's Director of Retail Banking, in response to a question from an ArmInfo correspondent According to him, the current evolution of the capital market is driven by increasing economic transparency, a steady reduction of the shadow economy, and improved corporate accountability over time. "All of these are prerequisites for the development of the capital market," Barsegyan emphasized.
He recalled that Ameriabank has also taken concrete steps toward developing the capital market, having issued its first-ever perpetual bonds in early 2026 and fully placing the $100 million issue by June.
Furthermore, Barseghyan noted that demand for capital market instruments is growing organically alongside economic development. "That is, as the economy develops and public incomes rise, a segment emerges that possesses greater savings and is ready to invest in various capital market instruments. Naturally, demand generates supply. An increasing number of companies are beginning to meet their debt financing needs through corporate bonds, which drives market growth," Barseghyan explained.
Recall, in June Ameriabank fully placed $100 million in perpetual bonds—marking the company's inaugural issuance of such instruments. The bonds were offered in two tranches, issued in February and April. In both instances, the entire volume was placed ahead of schedule, reflecting exceptionally high demand for these securities.
According to the Financial Rating of Armenian Banks as of March 31, 2026, prepared by ArmInfo Investment Company, Ameriabank leads in corporate bond placements, achieving 24% annual growth and more than doubling three-year growth. Ameriabank has also repeatedly acted as an underwriter for corporate bond placements of private companies. It's worth noting that Ameriabank, part of the international financial group Lion Finance Group (LFG), was included in the FTSE 100 index of one of the world's leading exchanges in March 2026, becoming the first company from Armenia to be listed among the 100 largest companies on the London Stock Exchange. Ameriabank's inclusion in the FTSE 100 index of the London Stock Exchange (LSE) is a bright green light for international investors, signaling the opportunity to enter a high-quality market in a clear and predictably managed environment.
