2024-03-05 20:29:51
From March 1, 2023, the “ARMBROC” investment company will perform the functions of Akba Bank, a market maker of shares traded on the Armenian Stock Exchange (AMX).
Akba Bank’s ordinary nominal shares with a total volume of AMD 55 billion are included in the best “A” list of AMX and are currently among the most actively traded securities. During the last month alone, the volume of transactions made with shares of Akba Bank amounted to about 42 million AMD.
As a market maker, “ARMBROK” will carry out constant quotations for buying and selling shares on the stock exchange, ensuring absolute liquidity of Akba Bank’s shares on the secondary market.
According to Hakob Andreasyan, Chief Executive Officer of Akba Bank, the involvement of “ARMBROK” company in the stock exchange as a market maker for Akba Bank’s shares is another step towards creating favorable conditions for the purchase and sale of securities for the current and future shareholders of the bank. According to the chief executive director of Akba Bank, it will contribute to the further increase of the volume of circulation of the bank’s shares in the market and strengthening of confidence in the bank’s securities.
Aram Kaifajyan, General Director of “ARMBROK” also emphasized the importance of the existence of a market maker in the stock exchange, from the point of view of the securities circulation indicators and the pricing process. He noted that, as a founding member of the stock exchange in Armenia, “ARMBROC” has wide experience, particularly in the field of organizing market maker functions.
According to Kaifajian, ARMBROK is happy to cooperate with Akba Bank, one of the largest banks in Armenia, within the framework of this comprehensive initiative and is ready to provide the highest quality services both to the bank and to its shareholders.