YEREVAN, October 14. /ARKA/. Demand for securities is mild at Armenia’s capital market, but signs of growth are still seen, Edgar Petrosyan, head of Ameriabank’s division in charge of broker transactions, said in an exclusive interview with ARKA News Agency.
“Investors and ordinary people who have free money are always looking for more lucrative investment instruments not only for increasing their assets’ profitability, but also to diversify their investments,” he said.
Petrosyan said that despite this, demand for securities at Armenia’s market is mild, since the majority of the country’s population prefers to invest their money in traditional instruments – bank deposits, non-cash gold or immovable property.
He told ARKA News Agency that the increasingly developing investment services attract more and more people, who realize the necessity of usage of various financial instruments for various purposes, especially given the fact that interest rates on dollar deposits are falling now at the market and many investors are searching for new ways for investment.
“The market is growing … Investors are gradually shifting to more effective investment instruments, and the broker services provided by Ameriabank can become a good platform for investors, including those preferring more modern technological instruments,” Petrosyan said in his interview.
Ameriabank CJSC is a universal bank providing investment, corporate and retail banking services in a package.
Ameriabank is the first investment bank in Armenia. It started providing a wide range of innovative banking services in 2007. –0–
