Armenia Shows Significant Progress in Using More Complex Financial Instruments – EBRD

YEREVAN, May 12. /ARKA/. Armenia is demonstrating significant progress and growing readiness to use more complex financial instruments, said Elisabetta Falcetti, the bank’s Executive Director for Turkey and the Caucasus, in an interview with ARKA news agency.

“We are already seeing impressive momentum in green finance, including appropriate mechanisms, green housing projects, and sustainable infrastructure development programs,” she said.

Falcetti called the launch of EU-supported programs an important step toward expanding financing for small and medium-sized enterprises. Among these, she cited, in particular, the flagship “Refugee Resilience Window for Armenia” program and the EU4Business-EBRD credit line, supported by EFSD+ (European Fund for Sustainable Development Plus) risk-sharing instruments.

According to her, in the area of ​​capital markets, recent reforms and companies’ preparation for issuing bonds and shares represent a significant step toward deepening local markets. “In the context of capital market development, the Central Bank of Armenia has consistently demonstrated a prudent and forward-looking approach to regulation and supervision. Close oversight of the financial system, a focus on risk management, and a willingness to implement international best practices have played a crucial role in ensuring financial stability, particularly during periods of external uncertainty,” she said.

The EBRD Executive Director praised the close cooperation with the Central Bank, including on strengthening prudential supervision, capital market regulation, and implementing derivatives and repo documentation in line with Armenian legislation.

According to her, these reforms not only enhance confidence among market participants but also lay the foundation for deeper and more resilient financial markets in Armenia.

“Digital financial services and fintech also offer significant potential, supported by Armenia’s tech-savvy workforce and growing digital ecosystem. Further development of regulation and strengthening investor confidence will be key factors in accelerating this process,” Falcetti concluded.

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (October 12–18)

Armenia’s financial agenda over the past week encompassed the development of the government securities market, regulatory changes for banking operations, cooperation with international financial institutions, and the subsidization of financing for energy storage systems.

Armenia to subsidize interest rates on loans and leases for energy storage systems — by up to 10 percentage points

Armenia is introducing a state subsidy for interest rates on loans and leases used to purchase electrical energy storage systems, announced Armenian Minister of Economy Gevorg Papoyan.

Euro and US dollar exchange rates against the Armenian dram have declined, while the ruble has continued to rise: Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market on October 22, 2026, fell by 0.07 points compared to October 21, reaching 361.33 drams.

VTB (Armenia) supports the Newmag BOOK DONATION initiative in the city of Hrazdan

VTB (Armenia) continues to support the socially significant "BOOK DONATION" project by the Newmag publishing house, which aims to replenish library collections in Armenia’s regions with contemporary literature.

Capital of Armenian Banks Reaches 2.32 Trillion Drams in January–September

As of September 30, 2026, the total capital of Armenian banks stood at 2.32 trillion drams.

LATEST NEWS

spot_imgspot_imgspot_img