<img src="https://img.day.az/2024/10/17/800×550/_-1.jpg" class="article-image" alt="ABB Bank takes another step forward in the development of the capital market!”/>
ABB Bank has taken another important step towards the active development of the capital market in our country. Now the secondary market for bank shares has become available in the ABB mobile application. ABB Bank shareholders can manage their portfolios and carry out transactions to buy and sell shares directly using the application.
In accordance with the order of the President of the Republic of Azerbaijan on measures to attract private investment in state-owned enterprises, the first mass issue of shares of ABB Bank was successfully held. This process, which contributed to the development of the capital market in the country, culminated in an impressive result: the number of bank shareholders increased from 1,794 to 35,105 people, and the share of private shareholders reached 7.8%. In the shortest possible time, the capital market of Azerbaijan was replenished with a significant number of new participants.
During the share subscription period, ABB Bank took an innovative approach for the first time by accepting applications through the ABB mobile application. Convenience and accessibility of applications played a key role in the active participation of investors. With the introduction of the function of buying and selling shares on the secondary market through ABB mobile, a new impetus will be given to the development of the capital market of our country.
Information about modern, useful, universal products and services of ABB Bank can be obtained at the Bank’s branches and offices, on the official website by calling the Information Center at short number 937, as well as on the Bank’s official Facebook page.