{"id":273798,"date":"2026-05-29T16:20:03","date_gmt":"2026-05-29T12:20:03","guid":{"rendered":"https:\/\/armbanks.am\/?p=273798"},"modified":"2026-05-29T16:20:05","modified_gmt":"2026-05-29T12:20:05","slug":"government-securities-dominate-armenias-capital-market-with-a-volume-of-approximately-7-4-billion-galstyan","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2026\/05\/29\/273798\/","title":{"rendered":"Government securities dominate Armenia&#8217;s capital market, with a volume of approximately $7.4 billion \u2013 Galstyan"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>YEREVAN, May 29. \/ARKA\/. <\/strong>Government securities dominate Armenia&#8217;s capital market, with a volume of approximately $7.4 billion in circulation, stated Martin Galstyan, Chairman of the Central Bank of the Republic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Corporate bonds follow, with approximately $2.2 billion, while the equity market remains relatively small, with a market capitalization of approximately $500 million,&#8221; he said at an international conference dedicated to the 25th anniversary of the Armenia Securities Exchange.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Galstyan, the positive trend in market development is obvious.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Real sector companies are entering the market, which is an important signal,&#8221; he noted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Central Bank Governor cited bond issues by Electric Networks of Armenia (approximately $80 million), Viva Armenia (approximately $80 million), Zangezur Copper and Molybdenum Combine (approximately $50 million), and Team Telecom (approximately $45 million) as key examples.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Speaking about the current state of the Armenian capital market, Galstyan noted that it already occupies a certain place in the financial market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;On the supply side, we currently have 50 corporate issuers. The intermediary segment is well developed: 42 entities, including 17 banks and 25 investment companies. In addition, there are six investment fund managers, two of which manage pension funds with a net asset value of approximately $4 billion, creating a solid investor base. The market infrastructure is further supported by AMX and the Central Depository of Armenia,&#8221; Galstyan said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Central Bank Governor emphasized that international investors are demonstrating a record high level of confidence in Armenian government bonds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;In 2018, foreign investor participation in the domestic state market amounted to only 3.6 billion drams. By 2025, this figure had grown to 177 billion drams, representing approximately 7% of all dram-denominated issues,&#8221; he explained.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government securities dominate Armenia&#8217;s capital market, with a volume of approximately $7.4 billion in circulation, stated Martin Galstyan, Chairman of the Central Bank of the Republic.<\/p>\n","protected":false},"author":5,"featured_media":262031,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12315,15543,9216],"tags":[12688,12781],"class_list":["post-273798","post","type-post","status-publish","format-standard","has-post-thumbnail","category-announces","category-crypto","category-news","tag-armenia-analyst-inflation","tag-ministry-of-finance"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/273798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=273798"}],"version-history":[{"count":2,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/273798\/revisions"}],"predecessor-version":[{"id":273802,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/273798\/revisions\/273802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/262031"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=273798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=273798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=273798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}