Unibank is first bank in Armenia to carry out stock IPO at NASDAQ OMX Armenia

YEREVAN, December 11. /ARKA/. Unibank is planning ordinary stock IPO at NASDAQ OMX Armenia stock exchange, the bank’s press office reports.

The stocks will be auctioned from December 18 to 24.

“Unibank is the first bank in Armenia to auction stocks through IPO at NASDAQ OMX Armenia,” Unibank says in its press release. “Unibank intends to auction 14.5 million ordinary equities.”

The decision was prompted by Unibank’s ambition to reach a new development level and to become a people’s bank.

The bank’s activity is focused on making banking services available to various categories of people and promoting small- and mid-scale businesses.

Unibank, as a modern and innovative bank, has always applied new technologies. Its stable financial state, development prospects and effectiveness as well as the market’s positive reaction and the society’s interest in the bank’s shares show clients and investors’ confidence in the bank.

ARMENBROK OJSC is Unibank stocks marketmaker.

At Mercury annual award ceremony Unibank was named the best people’s bank.

Unibank is a member of the stock records. The bank also has the status of operator of the Armenian depository system’s account and a member of the settlement system of the regulated market, providing services on management of joint stock companies and on stock custody.

Unibank was established in 2001. In 2002, the bank introduced Unistream system. The sole shareholder of the bank is Glovery Holding LTD.

In 2015, the bank was reorganized into an OJSC. Its assets totaled 156 billion, liabilities AMD 135.3 billion and credit investments AMD 107.6 billion in late September, and its capital amounted to AMD 20.7 billion. Unibank’s profit amounted to AMD 761.3 million in Jan-Sept 2015. ($1- AMD 484.79). —0—–

spot_img

POPULAR

External shocks are having little impact on Armenia so far, but investor caution will grow – INTERVIEW

Amid the S&P 500's worst quarter since 2022, rising global anxiety, and persistent geopolitical uncertainty, investors are increasingly asking whether this is a temporary market reaction or a deeper shift in investment logic.

Armenian Card reported technical issues

The national payment system Armenian Card CJSC (ArCa) reported technical issues.

IDBank to Provide Scholarships Worth 35 Million Drams to 103 Artsakh Students at YSU

IDBank has signed a memorandum of cooperation with Yerevan State University.

Armenia and Georgia aim for instant payments and unified QR codes: new steps in fintech integration

Armenia and Georgia are exploring deeper cooperation in financial technology, including synchronizing instant payment systems, simplifying bank account opening, and implementing unified QR codes, announced by Varlam Ebanoidze, Head of the Financial and Supervisory Technologies Development Department at the National Bank of Georgia.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (March 30 – April 5)

From March 30 to April 5, the Armenian financial market focused on exchange rate dynamics, the publication of March inflation data, the meeting of the Central Bank's management with the IMF mission, discussions of the reverse mortgage mechanism, the agreement between the CDA and UzCSD, and issues of disclosure by issuers in the capital market.

LATEST NEWS

spot_imgspot_imgspot_img