{"id":251361,"date":"2024-02-19T09:21:40","date_gmt":"2024-02-19T09:21:40","guid":{"rendered":"https:\/\/armbanks.am\/2024\/02\/19\/251361\/"},"modified":"2024-02-19T09:21:40","modified_gmt":"2024-02-19T09:21:40","slug":"ameriabank-set-to-join-bogg-a-london-stock-exchange-lse-listed-financial-group-as-a-standalone-entity","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/02\/19\/251361\/","title":{"rendered":"Ameriabank set to join BOGG, a London Stock Exchange (LSE) listed financial group as a standalone entity"},"content":{"rendered":"\n<p>YEREVAN, February 19. \/ARKA\/.&nbsp;<a href=\"https:\/\/ameria.me\/3wiDU4F\" rel=\"noreferrer noopener\" target=\"_blank\">Ameriabank<\/a>&nbsp;(the Bank) has reached an agreement with the BOGG (the Group), a UK registered financial group, to join the latter as a standalone entity and the Group to become the main shareholder of the Bank, with the European Bank for Reconstruction and Development (\u201cEBRD\u201d) retaining their 10% shareholding in Ameriabank.<\/p>\n\n\n\n<p>The Financial Conduct Authority, the financial services conduct regulator in the UK, has approved the circular of the transaction. As a next step, the transaction is subject to approval by shareholders, as well as the regulatory bodies, including the Central Bank of Armenia.<\/p>\n\n\n\n<p>Bank of Georgia Group PLC is a UK incorporated international finanacial group listed on the&nbsp;Premium Segment of the LSE Main Market&nbsp;and a constituent of the&nbsp;<a href=\"https:\/\/en.wikipedia.org\/wiki\/FTSE_250_Index\" rel=\"noreferrer noopener\" target=\"_blank\">FTSE-250 index<\/a>. Among the Group\u2019s shareholders are some of the world\u2019s&nbsp;largest financial institutions,&nbsp;such as JPMorgan, BlackRock, The Vanguard Group, Schroders, Norges Bank Investment Management (a leading pension fund), etc.<\/p>\n\n\n\n<p>Following approvals and closing of the transaction, Ameriabank will operate as a standalone entity within the Group under its own brand name and the current leadership in place, committed to Ameriabank\u2019s adopted strategic goals, values, mission and vision.<\/p>\n\n\n\n<p>Amidst significant achievements in recent years and the current stage of technological development, Ameriabank views this transaction with the Group as a one of the well-reasoned options for its long-term growth. Upon successful completion of the transaction, Ameriabank will become a member of a LSE listed Group with access to global financial markets to raise capital and investments and will continue offering the latest financial products and technological solutions to its customers.<\/p>\n\n\n\n<p>It should also be noted that in connection with the transaction, BOGG PLC will initiate a rebranding and renaming process that will highlight this new phase of its international expansion.<\/p>\n\n\n\n<p>About Ameriabank CJSC<\/p>\n\n\n\n<p>Ameriabank is a leading financial technology institution and a major contributor to the Armenian economy. Being a dynamically developing universal bank, Ameriabank provides a large package of innovative banking services through its omni-channel distribution platform and with clear focus on digital products and ecosystems.The Bank has adopted a customer-focused approach to ensure service quality and modern banking experience in an evolving digital environment. Ameriabank is committed to doing business responsibly and advancing Armenia\u2019s transition towards a sustainable future.<\/p>\n\n\n\n<p>The Bank is supervised by the Central Bank of Armenia.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ameriabank\u00a0(the Bank) has reached an agreement with the BOGG (the Group), a UK registered financial group, to join the latter as a standalone entity and the Group to become the main shareholder of the Bank, with the European Bank for Reconstruction and Development (\u201cEBRD\u201d) retaining their 10% shareholding in Ameriabank, Ameriabank said today in a press release<\/p>\n","protected":false},"author":1,"featured_media":205828,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-251361","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251361","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=251361"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/205828"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}