2024-07-21 23:54:21
Akba Bank summarizes the year 2021. Last year, the bank carried out a public placement of 500,000 shares in Armenia with a total volume of 7.5 billion drams. These shares will soon be listed on the Armenian Stock Exchange, enabling any person or company to buy and sell the bank’s shares.
“We haven’t finished the process of issuing shares yet. Of course, we have issued and placed, but we still have the final event – the listing of shares – waiting for us. The listing process is a new process, a new culture in the republic. When the process starts on the stock exchange, all partners who are interested in buying or selling the bank’s securities will have the opportunity to do so. In a short time, we will give all our shareholders and potential shareholders the opportunity to make transactions online, in real time,” said Hakob Andreasyan, Chief Executive Officer of Akba Bank.
In 2021, the bank recorded growth in all main financial indicators.
The bank’s capital increased by 26.3%, reaching about 89 billion drams.
The bank’s assets amounted to 548 billion drams, increasing by 10.6%.
About 370 billion drams of loans were allocated by the bank to the real sector of the economy, increasing by 14.2% compared to the previous year.
The volume of deposits invested in the bank increased by 9.0%, reaching around 300 billion drams.
The rate of return on capital is 13.5%.
The balance sheet value of one share is 16,189 drams, the profit per share is 1,848 drams.
The bank is controlled by the Central Bank of Armenia.
More details in the video.