“Ameriabank” CJSC and BOGG PLC (“BOGG” open joint-stock company,hereinafter – the Group) have reached an agreement on becoming an independent full member of the BOGG international financial group registered in the United Kingdom (UK). According to the transaction, the Group will become Ameriabank The main shareholder: Reconstruction and Development Bank will also retain its 10% stake in the bank The bank (EBRD).
According to the existing UK procedure, the UK Financial Conduct Authority (FCA) has approved the financial transaction circular.As a next step, the transaction must be approved by the parties’ general shareholders’ meetings, and also approved by regulatory authorities, including the Central Bank of the Republic of Armenia.
The group is an international financial company registered in the United Kingdom, whose shares are listed on the premium platform of the London stock Exchange. It is included in the FTSE-250 index. The group’s shareholders include JP Morgan, BlackRock, Vanguard Group. , Schroders, Norges Bank Investment Management, etc.
After the final approval of the transaction, Ameriabank, as an independent full-fledged company of the Group, will continue the business expansion under its brand and under the leadership of the existing management team, faithful to its adopted strategic goals, declared values, mission and vision.
At this stage of recent years of technological development and meaningful success,Ameriabank considers the negotiations with the Group and the resulting possible transaction as one of the ways of its long-term development. After the successful completion of the process, Ameriabank will become a member of a financial group listed on the international market and will thus gain access to global financial markets for raising capital and investments, and will continue to offer its clients the most modern financial products and new technological solutions.
Ameriabank CJSC
Ameriabank is a leading financial and technological institution, one of the significant actors of the RA economic sector. Being a dynamically developing universal bank, Ameriabank provides a wide range of innovative banking services with a clear emphasis on digital products and ecosystems through its multi-functional service platform. The bank is guided by a customer-oriented policy, ensuring high quality of service and modern banking experience in the developing digital environment.
Ameriabank has adopted a responsible business policy, contributing to Armenia’s transition to a lasting future.
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