YEREVAN, May 5. /ARKA/. Armenia needs high-quality projects that could be financed by banks and pension funds, stated Martin Galstyan, Chairman of the Central Bank of Armenia.
“In recent years, the volume of corporate bond issuance in the Armenian capital market has grown significantly. Not only have banks increased bond issuance, but also the real sector. I think this is a good indicator,” Galstyan noted at a parliamentary session on Tuesday.
According to him, significant work remains to be done in this area—both in the corporate bond market and in terms of developing the stock market.
“What our country truly needs are high-quality projects. A paradoxical situation has arisen: we have significant financial resources from both banks and pension funds. In this context, we need real projects that these two institutional structures are willing to finance,” Galstyan said.
According to bank reports published in accordance with IFRS standards, the net profit of the Armenian banking system for 2025 amounted to 421.3 billion drams, an increase of 16.01% compared to 2024.
In the first quarter of 2026, banks’ net profit amounted to 103.48 billion drams, compared to 101.18 billion drams for the same period in 2025, an increase of 2.27%. ($1 = 370.44 drams).
