YEREVAN, February 3. /ARKA/. Citizens and representatives of the business community can already buy the shares of Acba Bank, which have been listed on the Armenian Securities Exchange (AMX), the bank’s press service reported.
In 2021, the bank sold 500,000 shares worth a total of AMD 7.5billion through the public offering. The bank’s shares are listed on the most important platform A of the Armenian Securities Exchange.
“We have announced the quotation of Acba Bank’s shares on the securities exchange. Today is a historic day both for the bank, its shareholders and the business community of Armenia. We successfully completed the IPO, i.e. the initial stage of public offering and now we have 5,270 shareholders. The latest stage was the quotation at the securities exchange, which we have announced. I would like many other companies to follow our example, because there should be many companies like us at the securities exchange,” Hakob Andreasyan, CEO of Acba Bank, noted.
According to him, there should be many shares of open joint-stock companies, so that Armenia becomes interesting to foreign investors.
“I think the best way for us to invest in Armenia is to buy shares through the Securities Exchange,” Andreasyan said.
Hayk Yeganyan, director general of the Armenian Securities Exchange, for his part, noted that Acba is a bank that has attracted funds from the widest strata.
“The bank’s initial public offering took several weeks. It was conducted by special technologies, through an online platform, through their banking program. A large number of investors were attracted in a very short time. We can say it’s a success for the Armenian capital market. They are also the only company which tried not only to complete its work with primary placement, but also to spur up activity in the secondary market as a bank and a broker, so that there is demand and supply in the secondary market as well,” Yeganyan said.
To buy or sell shares of Acba Bank one may apply to any branch of the bank or another brokerage firm.
To learn more, visit invest.acba.am. One can also follow the process of buying and selling shares here. -0-
