YEREVAN, January 31. /ARKA/. In 2021 the Acba Bank conducted a public offering by issuing 500 thousand shares worth a total of AMD 7.5 bln, the bank’s press service said today following a review of the bank’s performance last year.
It said the shares will soon be listed on the Armenian Securities Exchange, enabling any person or company to buy and sell them.
According to Acba Bank CEO Hakob Andreasyan, the process of issuing shares has not yet been completed.
“Of course, we have issued and placed the shares, but we still have a final event waiting for us – the listing of the shares. Listing is a new process, a new culture in Armenia. When the process starts on the exchange, all those partners who are interested in buying or selling the bank’s shares will get the opportunity to do so. Soon we will enable all our shareholders and potential shareholders to make transactions also online in real time,” he said.
In 2021, Acba Bank recorded growth in all major indicators:
– the bank’s capital increased by 26.3%, reaching about 89 billion drams,
– the assets amounted to 548 billion drams, increasing by about 10.6%,
– the bank has lent to the real economy sector around 370 billion drams, 14.2 percent more than in the previous year,
– the volume of deposits rose by 9.0%, reaching about 300 billion drams,
– the profitability of the capital made 13.5%,
– the book value of one share is 16,189 drams, the profit per share is 1,848 drams.
Acba Bank is supervised by the Central Bank of Armenia. ($1 – 482.57 drams) -0-
