{"id":260757,"date":"2025-02-09T20:55:56","date_gmt":"2025-02-09T16:55:56","guid":{"rendered":"https:\/\/armbanks.am\/?page_id=260757"},"modified":"2026-03-27T15:19:48","modified_gmt":"2026-03-27T11:19:48","slug":"capital-market","status":"publish","type":"page","link":"https:\/\/armbanks.am\/en\/capital-market\/","title":{"rendered":"Capital market"},"content":{"rendered":"<div id=\"tdi_1\" class=\"tdc-zone\"><div class=\"tdc_zone tdi_2  wpb_row td-pb-row\"  >\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_2{\r\n                    min-height: 0;\r\n                }\n<\/style><div id=\"tdi_3\" class=\"tdc-row stretch_row_1400 td-stretch-content\"><div class=\"vc_row tdi_4  wpb_row td-pb-row\" >\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_4,\r\n                .tdi_4 .tdc-columns{\r\n                    min-height: 0;\r\n                }#tdi_3.tdc-row[class*='stretch_row'] > .td-pb-row > .td-element-style,\r\n                #tdi_3.tdc-row[class*='stretch_row'] > .td-pb-row > .tdc-video-outer-wrapper{\r\n                    width: 100% !important;\r\n                }.tdi_4,\r\n\t\t\t\t.tdi_4 .tdc-columns{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_4 .tdc-columns{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_4:before,\r\n\t\t\t\t.tdi_4:after{\r\n\t\t\t\t    display: table;\r\n\t\t\t\t}\n\/* inline tdc_css att - generated by TagDiv Composer *\/\n\n.tdi_4{\nmargin-top:10px !important;\n}\n\n.tdi_4 .td_block_wrap{ text-align:left }\n\n<\/style><div class=\"vc_column tdi_6  wpb_column vc_column_container tdc-column td-pb-span12\">\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_6{\r\n                    vertical-align: baseline;\r\n                }.tdi_6 > .wpb_wrapper,\r\n\t\t\t\t.tdi_6 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_6 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_6 > .wpb_wrapper > .vc_row_inner{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t}.tdi_6 > .wpb_wrapper{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t    height: auto;\r\n\t\t\t\t}\n<\/style><div class=\"wpb_wrapper\" ><div class=\"td_block_wrap td_block_text_with_title tdi_7 tagdiv-type td-pb-border-top td_block_template_1\"  data-td-block-uid=\"tdi_7\" >\n<style>\n\/* custom css - generated by TagDiv Composer *\/\n.td_block_text_with_title{\r\n                  margin-bottom: 44px;\r\n                  -webkit-transform: translateZ(0);\r\n                  transform: translateZ(0);\r\n                }.td_block_text_with_title p:last-child{\r\n                  margin-bottom: 0;\r\n                }\n<\/style><div class=\"td-block-title-wrap\"><\/div><div class=\"td_mod_wrap td-fix-index\"><div id=\"metaslider-id-261017\" style=\"width: 100%; margin: 0 auto;\" class=\"ml-slider-3-113-1 metaslider metaslider-flex metaslider-261017 ml-slider has-dots-nav has-carousel-mode ms-theme-default-base\" role=\"region\" aria-label=\"Invest EN\" data-height=\"100\" data-width=\"150\">\n    <div id=\"metaslider_container_261017\">\n        <div id=\"metaslider_261017\">\n            <ul aria-live='off' class='slides'>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261022 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"Fido-Invest_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/fido-invest\/\" target=\"_self\" aria-label=\"Fido Invest\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/Fido-Invest_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261022 msDefaultImage\" title=\"Fido Invest_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Fido Invest<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261032 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"Dimension-Investments_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/dimension-investments\/\" target=\"_self\" aria-label=\"Dimension Investments\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/Dimension-Investments_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261032 msDefaultImage\" title=\"Dimension Investments_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Dimension Investments<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261024 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"META-X-INVESTMENT-COMPANY_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/meta-x-markets\/\" target=\"_self\" aria-label=\"Meta-X Markets\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/META-X-INVESTMENT-COMPANY_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261024 msDefaultImage\" title=\"META-X INVESTMENT COMPANY_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Meta-X Markets<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261035 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"Future-capital-market-FCM_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/future-capital-market\/\" target=\"_self\" aria-label=\"Future Capital Market\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/Future-capital-market-FCM_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261035 msDefaultImage\" title=\"Future capital market FCM_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Future Capital Market<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261030 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"gl-invest_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/gl-invest\/\" target=\"_self\" aria-label=\"G&amp;L Invest\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/gl-invest_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261030 msDefaultImage\" title=\"g&amp;l invest_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>G&amp;L Invest<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261020 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"sirius-capital_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/sirius-capital\/\" target=\"_self\" aria-label=\"Sirius Capital\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/sirius-capital_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261020 msDefaultImage\" title=\"sirius capital_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Sirius Capital<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261033 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"Cube-invest_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/cube-invest\/\" target=\"_self\" aria-label=\"Cube Invest\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/Cube-invest_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261033 msDefaultImage\" title=\"Cube invest_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Cube Invest<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261027 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"abivest_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/freedom-finance-armenia\/\" target=\"_self\" aria-label=\"AB Invest LTD\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/abivest_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261027 msDefaultImage\" title=\"abivest_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>AB Invest LTD<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261019 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"Eqwefy_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/eqwefy-am\/\" target=\"_self\" aria-label=\"Eqwefy AM\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/Eqwefy_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261019 msDefaultImage\" title=\"Eqwefy_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Eqwefy AM<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261037 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"incor_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/incore\/\" target=\"_self\" aria-label=\"Incore\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/incor_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261037 msDefaultImage\" title=\"incor_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Incore<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261036 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"Armbrok_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/armbrok\/\" target=\"_self\" aria-label=\"Armbrok\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/Armbrok_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261036 msDefaultImage\" title=\"Armbrok_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Armbrok<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261031 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"Landmark-Capital_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/landmark-capital\/\" target=\"_self\" aria-label=\"Landmark Capital\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/Landmark-Capital_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261031 msDefaultImage\" title=\"Landmark Capital_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Landmark Capital<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261026 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"freedom-broker-armenia_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/freedom-finance-armenia-2\/\" target=\"_self\" aria-label=\"Freedom Finance Armenia\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/freedom-broker-armenia_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261026 msDefaultImage\" title=\"freedom broker armenia_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Freedom Finance Armenia<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261038 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"aphasecurities_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/alphasecurities\/\" target=\"_self\" aria-label=\"Alphasecurities\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/aphasecurities_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261038 msDefaultImage\" title=\"aphasecurities_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Alphasecurities<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261018 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"Tonton_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/tonton\/\" target=\"_self\" aria-label=\"Tonton\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/Tonton_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261018 msDefaultImage\" title=\"Tonton_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Tonton<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261025 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"apricot-capital_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/apricot-capital\/\" target=\"_self\" aria-label=\"Apricot Capital\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/apricot-capital_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261025 msDefaultImage\" title=\"apricot capital_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Apricot Capital<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261034 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"equiti_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/equiti-a%d0%bc\/\" target=\"_self\" aria-label=\"Equiti A\u041c\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/equiti_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261034 msDefaultImage\" title=\"equiti_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Equiti A\u041c<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261021 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"New-Venture-Brokerage_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/new-venture-brokerage\/\" target=\"_self\" aria-label=\"New Venture Brokerage\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/New-Venture-Brokerage_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261021 msDefaultImage\" title=\"New Venture Brokerage_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>New Venture Brokerage<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261028 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"GM-Invest-_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/gm-invest\/\" target=\"_self\" aria-label=\"GM Invest\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/GM-Invest-_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261028 msDefaultImage\" title=\"GM Invest _1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>GM Invest<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261029 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"prime-capital_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/prime-capital\/\" target=\"_self\" aria-label=\"Prime Capital\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/prime-capital_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261029 msDefaultImage\" title=\"prime capital_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Prime Capital<\/div><\/div><\/div><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-261023 ms-image \" aria-roledescription=\"slide\" data-date=\"2025-02-11 17:06:28\" data-filename=\"invia-investment_1-150x100.jpg\" data-slide-type=\"image\"><a href=\"https:\/\/armbanks.am\/en\/investing_company\/invia-investments\/\" target=\"_self\" aria-label=\"Invia Investments\" class=\"metaslider_image_link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2025\/02\/invia-investment_1-150x100.jpg\" height=\"100\" width=\"150\" alt=\"\" class=\"slider-261017 slide-261023 msDefaultImage\" title=\"invia investment_1\" \/><\/a><div class=\"caption-wrap\"><div class=\"caption\"><div>Invia Investments<\/div><\/div><\/div><\/li>\n            <\/ul>\n        <\/div>\n        \n    <\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><div id=\"tdi_8\" class=\"tdc-row stretch_row_1400 td-stretch-content\"><div class=\"vc_row tdi_9  wpb_row td-pb-row\" >\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_9,\r\n                .tdi_9 .tdc-columns{\r\n                    min-height: 0;\r\n                }#tdi_8.tdc-row[class*='stretch_row'] > .td-pb-row > .td-element-style,\r\n                #tdi_8.tdc-row[class*='stretch_row'] > .td-pb-row > .tdc-video-outer-wrapper{\r\n                    width: 100% !important;\r\n                }.tdi_9,\r\n\t\t\t\t.tdi_9 .tdc-columns{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_9 .tdc-columns{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_9:before,\r\n\t\t\t\t.tdi_9:after{\r\n\t\t\t\t    display: table;\r\n\t\t\t\t}\n<\/style><div class=\"vc_column tdi_11  wpb_column vc_column_container tdc-column td-pb-span8\">\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_11{\r\n                    vertical-align: baseline;\r\n                }.tdi_11 > .wpb_wrapper,\r\n\t\t\t\t.tdi_11 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_11 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_11 > .wpb_wrapper > .vc_row_inner{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t}.tdi_11 > .wpb_wrapper{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t    height: auto;\r\n\t\t\t\t}\n<\/style><div class=\"wpb_wrapper\" ><div class=\"td_block_wrap td_flex_block_1 tdi_12 td-pb-border-top td_block_template_1 td_flex_block\"  data-td-block-uid=\"tdi_12\" >\n<style>\n\n\/* inline tdc_css att - generated by TagDiv Composer *\/\n\n.tdi_12{\nmargin-bottom:0px !important;\n}\n\n<\/style>\n<style>\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_12.custom-tdc-no-posts .td_block_inner{\r\n                    margin-left: 0 !important;\r\n                    margin-right: 0 !important;\r\n                }.tdi_12.custom-tdc-no-posts .td_block_inner:after{\r\n                    content: \"No posts\" !important;\r\n                    display: block !important;\r\n                    font-size: 13px;\r\n                    font-weight: normal;\r\n                    text-align: left;\r\n                    padding: 20px;\r\n                    border: 1px solid rgba(190, 190, 190, 0.35);\r\n                    color: rgba(125, 125, 125, 0.8);\r\n                }.tdi_12 .td-image-wrap{\r\n\t\t\t\t\tpadding-bottom: 70%;\r\n\t\t\t\t}.tdi_12 .entry-thumb{\r\n\t\t\t\t\tbackground-position: center 50%;\r\n\t\t\t\t}.tdi_12 .td-module-container{\r\n\t\t\t\t\tflex-direction: column;\r\n\t\t\t\t\r\n\t\t\t\t    border-color: var(--dark-border) !important;\r\n\t\t\t\t}.tdi_12 .td-image-container{\r\n                \tdisplay: block; order: 0;\r\n                \r\n\t\t\t\t\tmargin-left: 0;\r\n\t\t\t\t\tmargin-right: auto;\r\n\t\t\t\t}.ie10 .tdi_12 .td-module-meta-info,\r\n\t\t\t\t.ie11 .tdi_12 .td-module-meta-info{\r\n\t\t\t\t \tflex: auto;\r\n\t\t\t    }body .tdi_12 .td-favorite{\r\n                    font-size: 36px;\r\n                \r\n                    box-shadow:  1px 1px 4px 0px rgba(0, 0, 0, 0.2);\r\n                }.tdi_12 .td-module-meta-info{\r\n\t\t\t\t\tmargin: 25px auto 0;\r\n\t\t\t\t\r\n\t\t\t\t\tpadding: 5px;\r\n\t\t\t\t\r\n\t\t\t\t\tborder-color: #eaeaea;\r\n\t\t\t\t}.tdi_12 .td_module_wrap{\r\n\t\t\t\t\twidth: 33.33333333%;\r\n\t\t\t\t\tfloat: left;\r\n\t\t\t\t\r\n\t\t\t\t\tpadding-left: 15px;\r\n\t\t\t\t\tpadding-right: 15px;\r\n\t\t\t\t\r\n\t\t\t\t\tpadding-bottom: 15px;\r\n\t\t\t\t\tmargin-bottom: 15px;\r\n\t\t\t\t}.rtl .tdi_12 .td_module_wrap{\r\n\t\t\t\t\tfloat: right;\r\n\t\t\t\t}.tdi_12 .td_block_inner{\r\n\t\t\t\t\tmargin-left: -15px;\r\n\t\t\t\t\tmargin-right: -15px;\r\n\t\t\t\t}.tdi_12 .td-module-container:before{\r\n\t\t\t\t\tbottom: -15px;\r\n\t\t\t\t}.tdi_12 .td-post-vid-time{\r\n\t\t\t\t\tdisplay: block;\r\n\t\t\t\t}.tdi_12 .td-post-category{\r\n\t\t\t\t\tmargin: 2px 5px 0 0;\r\n\t\t\t\t\r\n\t\t\t\t\tpadding: 0px;\r\n\t\t\t\t\r\n\t\t\t\t\tbackground-color: rgba(255,255,255,0);\r\n\t\t\t\t\r\n\t\t\t\t\tcolor: var(--accent-color-1);\r\n\t\t\t\t\r\n\t\t\t\t\tborder-width: 0px;\r\n\t\t\t\t\tborder-style: solid;\r\n\t\t\t\t\tborder-color: #aaa;\r\n\t\t\t\t\r\n\t\t\t\t\tborder-color: var(--accent-color-1);\r\n\t\t\t\t\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;font-size:13px !important;line-height:1.2 !important;font-weight:600 !important;\r\n\t\t\t\t}.tdi_12 .td-post-category:not(.td-post-extra-category){\r\n\t\t\t\t\tdisplay: none;\r\n\t\t\t\t}.tdi_12 .td-author-photo .avatar{\r\n\t\t\t\t    width: 20px;\r\n\t\t\t\t    height: 20px;\r\n\t\t\t\t\r\n\t\t\t\t    margin-right: 6px;\r\n\t\t\t\t\r\n\t\t\t\t    border-radius: 50%;\r\n\t\t\t\t}.tdi_12 .td-audio-player{\r\n\t\t\t\t\topacity: 1;\r\n\t\t\t\t\tvisibility: visible;\r\n\t\t\t\t\theight: auto;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-size: 13px;\r\n\t\t\t\t}.tdi_12 .td-read-more{\r\n\t\t\t\t\tdisplay: none;\r\n\t\t\t\t}.tdi_12 .td-author-date{\r\n\t\t\t\t\tdisplay: inline;\r\n\t\t\t\t}.tdi_12 .td-post-author-name{\r\n\t\t\t\t\tdisplay: none;\r\n\t\t\t\t}.tdi_12 .entry-review-stars{\r\n\t\t\t\t\tdisplay: none;\r\n\t\t\t\t}.tdi_12 .td-icon-star,\r\n                .tdi_12 .td-icon-star-empty,\r\n                .tdi_12 .td-icon-star-half{\r\n\t\t\t\t\tfont-size: 20px;\r\n\t\t\t\t}.tdi_12 .td-module-comments{\r\n\t\t\t\t\tdisplay: none;\r\n\t\t\t\t}.tdi_12 .td_module_wrap:nth-child(3n+1){\r\n\t\t\t\t\tclear: both;\r\n\t\t\t\t}.tdi_12 .td_module_wrap:nth-last-child(-n+3){\r\n\t\t\t\t\tmargin-bottom: 0;\r\n\t\t\t\t\tpadding-bottom: 0;\r\n\t\t\t\t}.tdi_12 .td_module_wrap:nth-last-child(-n+3) .td-module-container:before{\r\n\t\t\t\t\tdisplay: none;\r\n\t\t\t\t}.tdi_12 .td-post-category:hover{\r\n\t\t\t\t\tbackground-color: rgba(255,255,255,0) !important;\r\n\t\t\t\t\r\n\t\t\t\t\tcolor: var(--accent-color-2);\r\n\t\t\t\t\r\n\t\t\t\t\tborder-color: var(--accent-color-2);\r\n\t\t\t\t}.tdi_12 .td-module-title a{\r\n\t\t\t\t\tcolor: var(--base-color-1);\r\n\t\t\t\t\r\n                    box-shadow: inset 0 0 0 0 #000;\r\n                }.tdi_12 .td_module_wrap:hover .td-module-title a{\r\n\t\t\t\t\tcolor: var(--accent-color-1) !important;\r\n\t\t\t\t}.tdi_12 .td-post-date,\r\n\t\t\t\t.tdi_12 .td-post-author-name span{\r\n\t\t\t\t\tcolor: var(--base-color-1);\r\n\t\t\t\t}.tdi_12 .td-excerpt{\r\n\t\t\t\t\tcolor: var(--base-color-1);\r\n\t\t\t\t\r\n\t\t\t\t\tmargin: 15px 0 0;\r\n\t\t\t\t\r\n\t\t\t\t\tcolumn-count: 1;\r\n\t\t\t\t\r\n\t\t\t\t\tcolumn-gap: 48px;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;font-size:17px !important;line-height:1.4 !important;font-weight:400 !important;\r\n\t\t\t\t}.tdi_12.td_with_ajax_pagination .td-next-prev-wrap a,\r\n\t\t\t\t.tdi_12 .td-load-more-wrap a{\r\n\t\t\t\t\tcolor: var(--base-color-1);\r\n\t\t\t\t    \r\n\t\t\t\t\tbackground-color: rgba(255,255,255,0);\r\n\t\t\t\t\r\n\t\t\t\t\tborder-color: var(--dark-border);\r\n\t\t\t\t\r\n\t\t\t\t\tpadding: 16px 26px;\r\n\t\t\t\t}.tdi_12 .td-load-more-wrap a .td-load-more-icon-svg svg,\r\n\t\t\t\t.tdi_12 .td-load-more-wrap a .td-load-more-icon-svg svg *,\r\n\t\t\t\t.tdi_12.td_with_ajax_pagination .td-next-prev-wrap .td-next-prev-icon-svg svg,\r\n\t\t\t\t.tdi_12.td_with_ajax_pagination .td-next-prev-wrap .td-next-prev-icon-svg svg *{\r\n\t\t\t\t    fill: var(--base-color-1);\r\n\t\t\t\t}.tdi_12.td_with_ajax_pagination .td-next-prev-wrap a:hover,\r\n\t\t\t\t.tdi_12 .td-load-more-wrap a:hover{\r\n\t\t\t\t\tcolor: var(--accent-color-1);\r\n\t\t\t\t    \r\n\t\t\t\t\tbackground-color: rgba(255,255,255,0) !important;\r\n\t\t\t\t\tborder-color: rgba(255,255,255,0) !important;\r\n\t\t\t\t\r\n\t\t\t\t\tborder-color: var(--dark-border) !important;\r\n\t\t\t\t}.tdi_12 .td-load-more-wrap a:hover .td-load-more-icon-svg svg,\r\n\t\t\t\t.tdi_12 .td-load-more-wrap a:hover .td-load-more-icon-svg svg *,\r\n\t\t\t\t.tdi_12.td_with_ajax_pagination .td-next-prev-wrap a:hover .td-next-prev-icon-svg svg,\r\n\t\t\t\t.tdi_12.td_with_ajax_pagination .td-next-prev-wrap a:hover .td-next-prev-icon-svg svg *{\r\n\t\t\t\t    fill: var(--accent-color-1);\r\n\t\t\t\t}.tdi_12 .td-module-meta-info,\r\n\t\t\t\t.tdi_12 .td-next-prev-wrap{\r\n\t\t\t\t\ttext-align: left;\r\n\t\t\t\t}.tdi_12 .td-category-pos-above .td-post-category{\r\n\t\t\t\t    align-self: flex-start  !important;\r\n\t\t\t\t}.tdi_12 .td-category-pos-image .td-post-category:not(.td-post-extra-category){\r\n\t\t\t\t\tleft: 0;\r\n\t\t\t\t\tright: auto;\r\n\t\t\t\t\ttransform: translateX(0);\r\n                    -webkit-transform: translateX(0);\r\n\t\t\t\t}.tdi_12 .td-ajax-next-page{\r\n                    margin-right: auto;\r\n                    margin-left: 0;\r\n                }.tdi_12 .entry-title{\r\n\t\t\t\t\tmargin: 0 5px 15px;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;font-size:18px !important;line-height:1.2 !important;font-weight:700 !important;\r\n\t\t\t\t}.tdi_12 .td-read-more a{\r\n\t\t\t\t\tpadding: 6px 20px;\r\n\t\t\t\t\r\n\t\t\t\t\tbackground-color: rgba(255,255,255,0) !important;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;text-transform:uppercase !important;\r\n\t\t\t\t}.tdi_12 .td-read-more:hover a{\r\n\t\t\t\t\tbackground-color: rgba(255,255,255,0) !important;\r\n\t\t\t\t}.tdi_12.td_with_ajax_pagination .td-next-prev-wrap,\r\n\t\t\t\t.tdi_12 .td-load-more-wrap{\r\n\t\t\t\t\tmargin-top: 40px;\r\n\t\t\t\t}.tdi_12 .page-nav .pages{\r\n\t\t\t\t    padding-right: 0;\r\n\t\t\t\t}.tdi_12 .td-block-title a,\r\n\t\t\t\t.tdi_12 .td-block-title span{\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;font-size:26px !important;line-height:1.2 !important;font-weight:700 !important;\r\n\t\t\t\t}.tdi_12 .td-subcat-list a,\r\n\t\t\t\t.tdi_12 .td-subcat-dropdown span,\r\n\t\t\t\t.tdi_12 .td-subcat-dropdown a{\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;\r\n\t\t\t\t}.tdi_12 .td-editor-date,\r\n\t\t\t\t.tdi_12 .td-editor-date .td-post-author-name a,\r\n\t\t\t\t.tdi_12 .td-editor-date .entry-date,\r\n\t\t\t\t.tdi_12 .td-module-comments a{\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;font-size:13px !important;line-height:1.2 !important;font-weight:500 !important;text-transform:capitalize !important;\r\n\t\t\t\t}.tdi_12 .td-load-more-wrap a{\r\n\t\t\t\t\tfont-family: var(--global-font-1) !important;\r\n\t\t\t\t}html:not([class*='ie']) .tdi_12 .td-module-container:hover .entry-thumb:before{\r\n                    opacity: 0;\r\n                }@media (min-width: 768px) {\r\n                    .tdi_12 .td-module-title a {\r\n                        transition: all 0.2s ease;\r\n                        -webkit-transition: all 0.2s ease;\r\n                    }\r\n                }\n\n\/* landscape *\/\n@media (min-width: 1019px) and (max-width: 1140px){\n.tdi_12 .td-module-meta-info{\r\n\t\t\t\t\tmargin: 20px auto 0;\r\n\t\t\t\t}.tdi_12 .td_module_wrap{\r\n\t\t\t\t\tpadding-left: 10px;\r\n\t\t\t\t\tpadding-right: 10px;\r\n\t\t\t\t\r\n\t\t\t\t\tpadding-bottom: 10px;\r\n\t\t\t\t\tmargin-bottom: 10px;\r\n\t\t\t\t\r\n\t\t\t\t\tclear: none !important;\r\n\t\t\t\t\r\n\t\t\t\t\tpadding-bottom: 10px !important;\r\n\t\t\t\t\tmargin-bottom: 10px !important;\r\n\t\t\t\t}.tdi_12 .td_block_inner{\r\n\t\t\t\t\tmargin-left: -10px;\r\n\t\t\t\t\tmargin-right: -10px;\r\n\t\t\t\t}.tdi_12 .td-module-container:before{\r\n\t\t\t\t\tbottom: -10px;\r\n\t\t\t\t}.tdi_12 .td_module_wrap:nth-child(3n+1){\r\n\t\t\t\t\tclear: both !important;\r\n\t\t\t\t}.tdi_12 .td_module_wrap:nth-last-child(-n+3){\r\n\t\t\t\t\tmargin-bottom: 0 !important;\r\n\t\t\t\t\tpadding-bottom: 0 !important;\r\n\t\t\t\t}.tdi_12 .td_module_wrap .td-module-container:before{\r\n\t\t\t\t\tdisplay: block !important;\r\n\t\t\t\t}.tdi_12 .td_module_wrap:nth-last-child(-n+3) .td-module-container:before{\r\n\t\t\t\t\tdisplay: none !important;\r\n\t\t\t\t}.tdi_12 .td-module-title a{\r\n                    box-shadow: inset 0 0 0 0 #000;\r\n                }.tdi_12 .entry-title{\r\n\t\t\t\t\tmargin: 0 0 10px;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-size:15px !important;\r\n\t\t\t\t}.tdi_12 .td-excerpt{\r\n\t\t\t\t\tmargin: 10px 0 0;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-size:15px !important;\r\n\t\t\t\t}.tdi_12 .td-block-title a,\r\n\t\t\t\t.tdi_12 .td-block-title span{\r\n\t\t\t\t\tfont-size:24px !important;\r\n\t\t\t\t}@media (min-width: 768px) {\r\n                    .tdi_12 .td-module-title a {\r\n                        transition: all 0.2s ease;\r\n                        -webkit-transition: all 0.2s ease;\r\n                    }\r\n                }\n}\n\n\/* portrait *\/\n@media (min-width: 768px) and (max-width: 1018px){\n.tdi_12 .td-module-meta-info{\r\n\t\t\t\t\tmargin: 15px auto 0 auto;\r\n\t\t\t\t}.tdi_12 .td_module_wrap{\r\n\t\t\t\t\tpadding-left: 5px;\r\n\t\t\t\t\tpadding-right: 5px;\r\n\t\t\t\t\r\n\t\t\t\t\tpadding-bottom: 10px;\r\n\t\t\t\t\tmargin-bottom: 10px;\r\n\t\t\t\t\r\n\t\t\t\t\tclear: none !important;\r\n\t\t\t\t\r\n\t\t\t\t\tpadding-bottom: 10px !important;\r\n\t\t\t\t\tmargin-bottom: 10px !important;\r\n\t\t\t\t}.tdi_12 .td_block_inner{\r\n\t\t\t\t\tmargin-left: -5px;\r\n\t\t\t\t\tmargin-right: -5px;\r\n\t\t\t\t}.tdi_12 .td-module-container:before{\r\n\t\t\t\t\tbottom: -10px;\r\n\t\t\t\t}.tdi_12 .td_module_wrap:nth-child(3n+1){\r\n\t\t\t\t\tclear: both !important;\r\n\t\t\t\t}.tdi_12 .td_module_wrap:nth-last-child(-n+3){\r\n\t\t\t\t\tmargin-bottom: 0 !important;\r\n\t\t\t\t\tpadding-bottom: 0 !important;\r\n\t\t\t\t}.tdi_12 .td_module_wrap .td-module-container:before{\r\n\t\t\t\t\tdisplay: block !important;\r\n\t\t\t\t}.tdi_12 .td_module_wrap:nth-last-child(-n+3) .td-module-container:before{\r\n\t\t\t\t\tdisplay: none !important;\r\n\t\t\t\t}.tdi_12 .td-module-title a{\r\n                    box-shadow: inset 0 0 0 0 #000;\r\n                }.tdi_12 .entry-title{\r\n\t\t\t\t\tmargin: 0 0 5px;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-size:14px !important;\r\n\t\t\t\t}.tdi_12 .td-excerpt{\r\n\t\t\t\t\tmargin: 5px 0 0;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-size:13px !important;\r\n\t\t\t\t}.tdi_12 .td-block-title a,\r\n\t\t\t\t.tdi_12 .td-block-title span{\r\n\t\t\t\t\tfont-size:20px !important;\r\n\t\t\t\t}.tdi_12 .td-post-category{\r\n\t\t\t\t\tfont-size:11px !important;\r\n\t\t\t\t}.tdi_12 .td-editor-date,\r\n\t\t\t\t.tdi_12 .td-editor-date .td-post-author-name a,\r\n\t\t\t\t.tdi_12 .td-editor-date .entry-date,\r\n\t\t\t\t.tdi_12 .td-module-comments a{\r\n\t\t\t\t\tfont-size:11px !important;\r\n\t\t\t\t}@media (min-width: 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class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/10\/06\/280895\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Market capitalization in September totaled AMD 352.4 billion \u2013 Armenia Securities Exchange\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2025\/03\/11-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/10\/06\/280895\/\"  rel=\"bookmark\" title=\"Market capitalization in September totaled AMD 352.4 billion \u2013 Armenia Securities Exchange\">Market capitalization in September totaled AMD 352.4 billion \u2013 Armenia Securities Exchange<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-10-06T16:34:48+04:00\" >6.10.2026 16:34<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">Equity market capitalization in September 2026 stood at approximately AMD 352.4 billion, the press service of the Armenia Securities Exchange (AMX) reported.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/10\/05\/280802\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Armbanks Weekly Digest: Key Events in Armenia\u2019s Financial Market (September 28 \u2013 October 4)\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2025\/10\/gblbc2mrpyxaypyqudkzl4geilnsgbec-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/10\/05\/280802\/\"  rel=\"bookmark\" title=\"Armbanks Weekly Digest: Key Events in Armenia\u2019s Financial Market (September 28 \u2013 October 4)\">Armbanks Weekly Digest: Key Events in Armenia\u2019s Financial Market (September 28 \u2013 October 4)<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-10-05T11:37:09+04:00\" >5.10.2026 11:37<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">The week's financial agenda combined discussions on reforms with the IMF, supervisory measures by the Central Bank of Armenia (CBA), and preparations for budget financing. The banking and corporate segments of the capital market saw the completion of bond placements.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/30\/280611\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Team Holding Raises Approximately $35 Million on the Armenian Capital Market via Bond Issuance\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/09\/photo_2026-09-30_17-27-42-696x522.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/30\/280611\/\"  rel=\"bookmark\" title=\"Team Holding Raises Approximately $35 Million on the Armenian Capital Market via Bond Issuance\">Team Holding Raises Approximately $35 Million on the Armenian Capital Market via Bond Issuance<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-30T18:07:13+04:00\" >30.09.2026 18:07<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">Team Holding has completed its corporate bond public offering program in Armenia, raising funds equivalent to approximately $35 million. <\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/29\/280530\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Unibank Issues AMD and USD Bonds with Annual Coupon Rates of 10.3% and 6%\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/09\/engl-Unibank-696x477.png')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/29\/280530\/\"  rel=\"bookmark\" title=\"Unibank Issues AMD and USD Bonds with Annual Coupon Rates of 10.3% and 6%\">Unibank Issues AMD and USD Bonds with Annual Coupon Rates of 10.3% and 6%<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-29T15:38:34+04:00\" >29.09.2026 15:38<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">Unibank has issued bonds denominated in AMD and USD, with annual coupon rates of 10.3% and 6%, respectively.\n<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/22\/280083\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"&#8220;IKO Machinery&#8221; LLC&#8217;s bonds, totaling AMD 1.1 billion listed on AMX\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/09\/EGK_3911-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/22\/280083\/\"  rel=\"bookmark\" title=\"&#8220;IKO Machinery&#8221; LLC&#8217;s bonds, totaling AMD 1.1 billion listed on AMX\">&#8220;IKO Machinery&#8221; LLC&#8217;s bonds, totaling AMD 1.1 billion listed on AMX<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-22T19:28:07+04:00\" >22.09.2026 19:28<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">The Armenia Securities Exchange (AMX) today welcomed the entry into the capital market of \"IKO Machinery\" LLC, a company operating in both Armenia and international markets.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/21\/279985\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 14\u201320)\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/08\/8aced2c1-0616-4105-a7af-9f59d6050f23-696x477.png')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/21\/279985\/\"  rel=\"bookmark\" title=\"Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 14\u201320)\">Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 14\u201320)<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-21T11:15:57+04:00\" >21.09.2026 11:15<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">This week, Armenia's financial agenda was shaped by changes in monetary policy direction, the cost of bank funding, inflation, and the situation in the foreign exchange market.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        <\/div><\/div><\/div><\/div><div class=\"vc_column tdi_14  wpb_column vc_column_container tdc-column td-pb-span4\">\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_14{\r\n                    vertical-align: baseline;\r\n                }.tdi_14 > .wpb_wrapper,\r\n\t\t\t\t.tdi_14 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_14 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_14 > .wpb_wrapper > .vc_row_inner{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t}.tdi_14 > .wpb_wrapper{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t    height: auto;\r\n\t\t\t\t}\n<\/style><div class=\"wpb_wrapper\" ><div class=\"td_block_wrap td-a-rec td-a-rec-id-custom-spot td-a-rec-img tdi_15 td_block_template_1\">\n<style>\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_15.td-a-rec{\r\n\t\t\t\t\ttext-align: center;\r\n\t\t\t\t}.tdi_15.td-a-rec:not(.td-a-rec-no-translate){\r\n\t\t\t\t    transform: translateZ(0);\r\n\t\t\t\t}.tdi_15 .td-element-style{\r\n\t\t\t\t\tz-index: -1;\r\n\t\t\t\t}.tdi_15 .td-spot-id-spot_img_hidden{\r\n                    display: none;\r\n                }.tdi_15 .td-adspot-title{\r\n                    display: block;\r\n                }.tdi_15 .td_spot_img_all img,\r\n\t\t\t\t.tdi_15 .td_spot_img_tl img,\r\n\t\t\t\t.tdi_15 .td_spot_img_tp img,\r\n\t\t\t\t.tdi_15 .td_spot_img_mob img{\r\n\t\t\t\t    border-style: none;\r\n\t\t\t\t}\n<\/style><div style=\"display: inline-block\"><a href=\"https:\/\/arka.am\/en\/\" target=\"blank\"  class=\"td_spot_img_all\"><img decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2026\/03\/5345947752296289525.jpg\"  alt=\"spot_img\" \/><\/a><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"tdi_16\" class=\"tdc-row stretch_row_1400 td-stretch-content\"><div class=\"vc_row tdi_17  wpb_row td-pb-row\" >\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_17,\r\n                .tdi_17 .tdc-columns{\r\n                    min-height: 0;\r\n                }#tdi_16.tdc-row[class*='stretch_row'] > .td-pb-row > .td-element-style,\r\n                #tdi_16.tdc-row[class*='stretch_row'] > .td-pb-row > .tdc-video-outer-wrapper{\r\n                    width: 100% !important;\r\n                }.tdi_17,\r\n\t\t\t\t.tdi_17 .tdc-columns{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_17 .tdc-columns{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_17:before,\r\n\t\t\t\t.tdi_17:after{\r\n\t\t\t\t    display: table;\r\n\t\t\t\t}\n<\/style><div class=\"vc_column tdi_19  wpb_column vc_column_container tdc-column td-pb-span8\">\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_19{\r\n                    vertical-align: baseline;\r\n                }.tdi_19 > .wpb_wrapper,\r\n\t\t\t\t.tdi_19 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_19 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_19 > .wpb_wrapper > .vc_row_inner{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t}.tdi_19 > .wpb_wrapper{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t    height: auto;\r\n\t\t\t\t}\n<\/style><div class=\"wpb_wrapper\" ><div class=\"td_block_wrap td_flex_block_1 tdi_20 td_with_ajax_pagination td-pb-border-top td_block_template_1 td_flex_block\"  data-td-block-uid=\"tdi_20\" >\n<style>\n\/* custom css - 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\r\n\t\t\t\t\tmargin-left: 0;\r\n\t\t\t\t\tmargin-right: auto;\r\n\t\t\t\t}.ie10 .tdi_20 .td-image-container,\r\n\t\t\t\t.ie11 .tdi_20 .td-image-container{\r\n\t\t\t\t \tflex: 0 0 auto;\r\n\t\t\t    }.tdi_20 .td-module-container{\r\n\t\t\t\t\tflex-direction: row;\r\n\t\t\t\t}.ie10 .tdi_20 .td-module-meta-info,\r\n\t\t\t\t.ie11 .tdi_20 .td-module-meta-info{\r\n\t\t\t\t \tflex: 1;\r\n\t\t\t    }body .tdi_20 .td-favorite{\r\n                    font-size: 36px;\r\n                \r\n                    box-shadow:  1px 1px 4px 0px rgba(0, 0, 0, 0.2);\r\n                }.tdi_20 .td-module-meta-info{\r\n\t\t\t\t\tpadding: 0 0 0 15px;\r\n\t\t\t\t\r\n\t\t\t\t    display: flex;\r\n\t\t\t\t    flex-direction: column;\r\n\t\t\t\t\tjustify-content: center;\r\n\t\t\t\t\r\n\t\t\t\t\tborder-color: #eaeaea;\r\n\t\t\t\t}.tdi_20 .td-category-pos-above .td-post-category{\r\n\t\t\t\t    align-self: flex-start;\r\n\t\t\t\t\r\n\t\t\t\t    align-self: flex-start  !important;\r\n\t\t\t\t}.tdi_20 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.td_module_wrap:nth-last-child(1){\r\n\t\t\t\t\tmargin-bottom: 0;\r\n\t\t\t\t\tpadding-bottom: 0;\r\n\t\t\t\t}.tdi_20 .td_module_wrap:nth-last-child(1) .td-module-container:before{\r\n\t\t\t\t\tdisplay: none;\r\n\t\t\t\t}.tdi_20 .td-post-category:hover{\r\n\t\t\t\t\tbackground-color: rgba(255,255,255,0) !important;\r\n\t\t\t\t\r\n\t\t\t\t\tcolor: var(--accent-color-2);\r\n\t\t\t\t\r\n\t\t\t\t\tborder-color: var(--accent-color-2);\r\n\t\t\t\t}.tdi_20 .td-module-title a{\r\n\t\t\t\t\tcolor: var(--base-color-1);\r\n\t\t\t\t\r\n                    box-shadow: inset 0 0 0 0 #000;\r\n                }.tdi_20 .td_module_wrap:hover .td-module-title a{\r\n\t\t\t\t\tcolor: var(--accent-color-1) !important;\r\n\t\t\t\t}.tdi_20 .td-post-author-name a{\r\n\t\t\t\t\tcolor: var(--base-color-1);\r\n\t\t\t\t}.tdi_20 .td-post-author-name:hover a{\r\n\t\t\t\t\tcolor: var(--accent-color-1);\r\n\t\t\t\t}.tdi_20 .td-post-date,\r\n\t\t\t\t.tdi_20 .td-post-author-name span{\r\n\t\t\t\t\tcolor: var(--base-color-1);\r\n\t\t\t\t}.tdi_20 .td-excerpt{\r\n\t\t\t\t\tcolor: var(--base-color-1);\r\n\t\t\t\t\r\n\t\t\t\t\tmargin: 0px;\r\n\t\t\t\t\r\n\t\t\t\t\tcolumn-count: 1;\r\n\t\t\t\t\r\n\t\t\t\t\tcolumn-gap: 48px;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;font-size:17px !important;line-height:1.4 !important;font-weight:400 !important;\r\n\t\t\t\t}.tdi_20 .td-module-meta-info,\r\n\t\t\t\t.tdi_20 .td-next-prev-wrap{\r\n\t\t\t\t\ttext-align: left;\r\n\t\t\t\t}.tdi_20 .td-category-pos-image .td-post-category:not(.td-post-extra-category){\r\n\t\t\t\t\tleft: 0;\r\n\t\t\t\t\tright: auto;\r\n\t\t\t\t\ttransform: translateX(0);\r\n                    -webkit-transform: translateX(0);\r\n\t\t\t\t}.tdi_20 .td-ajax-next-page{\r\n                    margin-right: auto;\r\n                    margin-left: 0;\r\n                }.tdi_20 .entry-title{\r\n\t\t\t\t\tmargin: 0px;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;font-size:18px !important;line-height:1.2 !important;font-weight:700 !important;\r\n\t\t\t\t}.tdi_20 .td-read-more a{\r\n\t\t\t\t\tbackground-color: rgba(255,255,255,0) !important;\r\n\t\t\t\t\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;\r\n\t\t\t\t}.tdi_20 .td-read-more:hover a{\r\n\t\t\t\t\tbackground-color: rgba(255,255,255,0) !important;\r\n\t\t\t\t}.tdi_20 .td-block-title a,\r\n\t\t\t\t.tdi_20 .td-block-title span{\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;\r\n\t\t\t\t}.tdi_20 .td-subcat-list a,\r\n\t\t\t\t.tdi_20 .td-subcat-dropdown span,\r\n\t\t\t\t.tdi_20 .td-subcat-dropdown a{\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;\r\n\t\t\t\t}.tdi_20 .td-editor-date,\r\n\t\t\t\t.tdi_20 .td-editor-date .td-post-author-name a,\r\n\t\t\t\t.tdi_20 .td-editor-date .entry-date,\r\n\t\t\t\t.tdi_20 .td-module-comments a{\r\n\t\t\t\t\tfont-family: var(--global-font-2) !important;font-size:13px !important;line-height:1.2 !important;font-weight:500 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\"152\";\ntdBlocksArray.push(block_tdi_20);\n<\/script><div class=\"td-block-title-wrap\"><\/div><div id=tdi_20 class=\"td_block_inner td-mc1-wrap\">\r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-above\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/17\/279885\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia \u2013 Freedom Broker Armenia CEO\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2025\/12\/44-2-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/17\/279885\/\"  rel=\"bookmark\" title=\"Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia \u2013 Freedom Broker Armenia CEO\">Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia \u2013 Freedom Broker Armenia CEO<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-17T23:43:47+04:00\" >17.09.2026 23:43<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">Freedom Broker Armenia Director Hovak Hovakimyan does not expect the Central Bank rate hike to have a significant impact on market sentiment and investment activity in the local market.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-above\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/17\/279799\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/09\/99-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/17\/279799\/\"  rel=\"bookmark\" title=\"Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation\">Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-17T10:27:23+04:00\" >17.09.2026 10:27<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">On Wednesday, at the opening meeting with the IMF mission delegation to Armenia, led by Alexander Timan, the Governor of the Central Bank of Armenia, Martin Galstyan, discussed recent macroeconomic developments, economic prospects, and key risks.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-above\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/16\/279763\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Acba Bank is a market maker for EBRD bonds in Armenia\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/09\/88-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/16\/279763\/\"  rel=\"bookmark\" title=\"Acba Bank is a market maker for EBRD bonds in Armenia\">Acba Bank is a market maker for EBRD bonds in Armenia<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-16T18:36:32+04:00\" >16.09.2026 18:36<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-above\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/16\/279700\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Risk premium on Armenian Eurobonds has decreased to approximately 170 bps \u2013 Central Bank Governor\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2025\/03\/2025-03-17_102430-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/16\/279700\/\"  rel=\"bookmark\" title=\"Risk premium on Armenian Eurobonds has decreased to approximately 170 bps \u2013 Central Bank Governor\">Risk premium on Armenian Eurobonds has decreased to approximately 170 bps \u2013 Central Bank Governor<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-16T10:46:05+04:00\" >16.09.2026 10:46<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">The risk premium on Armenian Eurobonds has decreased to approximately 170 bps, Central Bank Governor Martin Galstyan stated yesterday at a press conference, responding to a question from ARKA news agency.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-above\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/14\/279518\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 7\u201313)\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/03\/2026-03-11_115651-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/14\/279518\/\"  rel=\"bookmark\" title=\"Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 7\u201313)\">Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 7\u201313)<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-14T10:51:42+04:00\" >14.09.2026 10:51<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">Armenia's financial agenda last week focused primarily on the capital market, the banking sector, government borrowing, and the development of payment infrastructure.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-above\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/12\/279460\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Cube Invest contributes to the development of Armenian investment market\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/09\/8888-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/12\/279460\/\"  rel=\"bookmark\" title=\"Cube Invest contributes to the development of Armenian investment market\">Cube Invest contributes to the development of Armenian investment market<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-12T09:39:24+04:00\" >12.09.2026 09:39<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">At the initiative of leading investment company Cube Invest, the first-ever \"INVESTMENT PERSPECTIVES 2026\" conference was held, bringing together leading financial and banking experts, high-ranking representatives of government agencies and organizations, investors, and entrepreneurs.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-above\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/11\/279436\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Armenian investment company assets have grown approximately sixfold since 2021, exceeding 400 billion drams: Dimension Investments CEO\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/09\/fbf688fd-17d7-45d1-b95c-565df6e55c55-696x477.png')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/11\/279436\/\"  rel=\"bookmark\" title=\"Armenian investment company assets have grown approximately sixfold since 2021, exceeding 400 billion drams: Dimension Investments CEO\">Armenian investment company assets have grown approximately sixfold since 2021, exceeding 400 billion drams: Dimension Investments CEO<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-11T18:36:54+04:00\" >11.09.2026 18:36<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">Armenian investment company assets have grown approximately sixfold since 2021, from 67 billion drams to over 400 billion drams, said Grigor Harutyunyan, CEO of Dimension Investments.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-above\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/11\/279382\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Armenia&#8217;s capital market still lags behind the economy&#8217;s real potential: Cube Invest&#8217;s CEO\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/09\/MyCollages-2026-09-11T142522.676-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/11\/279382\/\"  rel=\"bookmark\" title=\"Armenia&#8217;s capital market still lags behind the economy&#8217;s real potential: Cube Invest&#8217;s CEO\">Armenia&#8217;s capital market still lags behind the economy&#8217;s real potential: Cube Invest&#8217;s CEO<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-11T16:24:42+04:00\" >11.09.2026 16:24<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">The depth of Armenia's capital market still lags behind the country's real economic potential, said Mikael Margaryan, CEO of the investment company Cube Invest.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-above\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/11\/279361\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Cube Invest is the first investment company in Armenia to issue bonds worth 5 billion drams: Cube Invest\u2019s CEO\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/09\/Cube-Invest-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/11\/279361\/\"  rel=\"bookmark\" title=\"Cube Invest is the first investment company in Armenia to issue bonds worth 5 billion drams: Cube Invest\u2019s CEO\">Cube Invest is the first investment company in Armenia to issue bonds worth 5 billion drams: Cube Invest\u2019s CEO<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-11T15:36:17+04:00\" >11.09.2026 15:36<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">Cube Invest\u00a0has become the first investment company in Armenia to issue bonds on the local market, announced Cube Invest CEO Mikael Margaryan.<\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        \r\n        <div class=\"td_module_flex td_module_flex_1 td_module_wrap td-animation-stack td-cpt-post\">\r\n            <div class=\"td-module-container td-category-pos-above\">\r\n                                    <div class=\"td-image-container\">\r\n                                                <div class=\"td-module-thumb\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/09\/279212\/\"  rel=\"bookmark\" class=\"td-image-wrap \" title=\"Why Armenia&#8217;s capital market remains bank-driven: 5 insights from Landmark Capital&#8217;s CEO\u00a0\" ><span class=\"entry-thumb td-thumb-css \" style=\"background-image: url('https:\/\/armbanks.am\/wp-content\/uploads\/2026\/09\/bonli3uluorb35a9jurya8j8qnaxb0mx-696x477.jpg')\" ><\/span><\/a><\/div>                                                                    <\/div>\r\n                \r\n                <div class=\"td-module-meta-info\">\r\n                                        \r\n                    <h3 class=\"entry-title td-module-title\"><a href=\"https:\/\/armbanks.am\/en\/2026\/09\/09\/279212\/\"  rel=\"bookmark\" title=\"Why Armenia&#8217;s capital market remains bank-driven: 5 insights from Landmark Capital&#8217;s CEO\u00a0\">Why Armenia&#8217;s capital market remains bank-driven: 5 insights from Landmark Capital&#8217;s CEO\u00a0<\/a><\/h3>\r\n                    \r\n                                            <div class=\"td-editor-date\">\r\n                                                        \r\n                                                            <span class=\"td-author-date\">\r\n                                                                                                            <span class=\"td-post-date\"><time class=\"entry-date updated td-module-date\" datetime=\"2026-09-09T13:08:04+04:00\" >9.09.2026 13:08<\/time><\/span>                                                                                                        <\/span>\r\n                                                    <\/div>\r\n                    \r\n                    <div class=\"td-excerpt\">Gor Gevorgyan assesses Armenia's economy as growing, the country has significant private capital, and the infrastructure and legislative framework for market development as sufficient. <\/div>\r\n                    \r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n        <\/div><div class=\"td-load-more-wrap\"><a href=\"#\" class=\"td_ajax_load_more td_ajax_load_more_js\" aria-label=\"Load more\" id=\"next-page-tdi_20\" data-td_block_id=\"tdi_20\">Load more<i class=\"td-load-more-icon td-icon-font td-icon-menu-right\"><\/i><\/a><\/div><\/div><\/div><\/div><div class=\"vc_column tdi_22  wpb_column vc_column_container tdc-column td-pb-span4\">\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_22{\r\n                    vertical-align: baseline;\r\n                }.tdi_22 > 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   .tdi_24 .td_spot_img_mob,\r\n                    .tdi_24 .td-adspot-title {\r\n                        display: none;\r\n                    }\r\n\t\t\t\t}\n<\/style><div style=\"display: inline-block\"><a href=\"\" class=\"td_spot_img_all\"><img decoding=\"async\" src=\"https:\/\/armbanks.am\/wp-content\/uploads\/2024\/11\/300x600.png\"  alt=\"spot_img\" \/><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-260757","page","type-page","status-publish"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Landmark Capital Meta-X Markets Incore AB Invest LTD Equiti A\u041c Fido Invest New Venture Brokerage Future Capital Market Cube Invest Freedom Finance Armenia G&amp;L Invest Sirius Capital Armbrok Dimension Investments GM Invest Tonton Apricot Capital Eqwefy AM Alphasecurities Invia Investments Prime Capital Market capitalization in September totaled AMD 352.4 billion \u2013 Armenia Securities Exchange 6.10.2026\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/capital-market\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.2.1\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Capital market - ArmBanks.am\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Landmark Capital Meta-X Markets Incore AB Invest LTD Equiti A\u041c Fido Invest New Venture Brokerage Future Capital Market Cube Invest Freedom Finance Armenia G&amp;L Invest Sirius Capital 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