{"id":33812,"date":"2012-02-22T13:50:17","date_gmt":"2012-02-22T13:50:17","guid":{"rendered":"https:\/\/armbanks.am\/2012\/02\/22\/234898\/"},"modified":"2024-12-15T12:55:36","modified_gmt":"2024-12-15T12:55:36","slug":"armenian-development-bank-planning-ipo","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/02\/22\/33812\/","title":{"rendered":"Armenian development bank planning IPO"},"content":{"rendered":"
YEREVAN, February 22. \/ARKA\/. Armenian Development Bank is preparing its initial public offering for late 2013, Karen Sargsyan, chairman of the bank\u2019s board, said Wednesday in Novosti International Press Center.<\/div>\n
\u201cOur securities are listed at the stock exchange and they are floating now,\u201d he said.<\/div>\n
Sargsyan said that Armenian Development Bank has no intention to issue bonds this year, since the bank\u2019s capital is sufficient for implementation of its three-year strategic program.<\/div>\n
According to ARKA News Agency\u2019s data, the bank\u2019s capital exceeds AMD 7.8 billion.<\/div>\n
Armenian Development Bank started functioning in 1991. The bank has 75 shareholders, 40% of which are nonresidents. Residents hold 52% of the bank\u2019s capital, and 48% belong to nonresidents.<\/div>\n
There are 13 legal entities among the shareholders. Toe of these legal entities are international organizations.<\/div>\n
The bank has shareholders in the United States, Russia, France, Germany, Italy, Canada, Spain, Sweden, Australia and Brazil.-0—<\/div>\n

YEREVAN, February 22. \/ARKA\/<\/strong>. Armenian Development Bank is preparing its initial public offering for late 2013, Karen Sargsyan, chairman of the bank\u2019s board, said Wednesday in Novosti International Press Center.<\/p>\n

\u201cOur securities are listed at the stock exchange and they are floating now,\u201d he said.<\/p>\n

Sargsyan said that Armenian Development Bank has no intention to issue bonds this year, since the bank\u2019s capital is sufficient for implementation of its three-year strategic program.<\/p>\n

According to ARKA News Agency\u2019s data, the bank\u2019s capital exceeds AMD 7.8 billion.<\/p>\n

Armenian Development Bank started functioning in 1991. The bank has 75 shareholders, 40% of which are nonresidents. Residents hold 52% of the bank\u2019s capital, and 48% belong to nonresidents.<\/p>\n

There are 13 legal entities among the shareholders. Toe of these legal entities are international organizations.<\/p>\n

The bank has shareholders in the United States, Russia, France, Germany, Italy, Canada, Spain, Sweden, Australia and Brazil.-0—<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Armenian Development Bank is preparing its initial public offering for late 2013, Karen Sargsyan, chairman of the bank\u2019s board, said Wednesday in Novosti International Press Center.<\/p>\n","protected":false},"author":1,"featured_media":144909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[545],"class_list":["post-33812","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banks-en-en","category-news","tag-ipo"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t