Ardshinbank Recognized as Leader in Armenia’s Secondary Corporate Bond Market

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YEREVAN. November 6. /ARKA/. Ardshinbank has been recognized as the leading institution in Armenia’s secondary corporate bond market at the annual awards organized by the Armenian Stock Exchange (AMX) and the Central Depository of Armenia. The title of best dealer is awarded based on a general vote among the dealers of AMX member Armenian banks and investment companies.

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Hayk Yeganyan, CEO of the Armenian Stock Exchange, noted, “The 2024 awards highlighted the dynamic growth of Armenia’s capital market and the participants' readiness to meet international standards. The achievements of the award recipients contribute to strengthening the confidence of both local and international investors in Armenia’s financial market.”

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Ardshinbank expressed gratitude to the organizers for the objective assessment, emphasizing that this achievement belongs to both its employees and clients. The bank reaffirmed its commitment to expanding its investment business with the goal of fostering a developed capital market, ensuring client prosperity, and supporting Armenia’s economic well-being.

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It’s important to note that in 2020, The Banker by Financial Times recognized Ardshinbank’s Eurobond issuance as the “Deal of the Year” in Europe. Ardshinbank is the only private entity in Armenia with assigned ratings from three international rating agencies, all at the level of the sovereign, as follows: SP Global Ratings (BB- (Stable)), Moody’s (Ba3 (Stable)) and Fitch (BB- (Stable)). The bank is also the only non-sovereign entity from Armenia which has issued RegS /144A public Eurobonds in international capital markets. -0-

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