2024-06-16 13:48:32
On June 11, 2024, an occasion was held to mark the beginning of subscription to shares of ABB Financial institution. Held below the motto “Turn out to be an ABB shareholder! – From the middle to everybody!” the occasion befell in a symbolic place. It was organized in a historic constructing, constructed originally of the final century exactly as a financial institution, on the facade of which “Financial institution” is written. Within the early 90s, the primary workplace of ABB Financial institution was situated on this constructing, and now the Central Department is situated right here.
Together with the administration of ABB Financial institution, representatives of the Central Financial institution of Azerbaijan, the Baku Inventory Trade, the Nationwide Deposit Middle and the Affiliation of Banks of Azerbaijan had been current on the occasion.
The subscription will final 3 months. 322,000,000 shares of the Financial institution are supplied on the market. The minimal worth of 1 share is 27 qepik. Throughout the subscription interval, residents can submit functions at a worth of 27 qepik or increased. One citizen can order a minimal of 100 and a most of 75,000 shares of ABB Financial institution.
A subscription to the Financial institution’s shares will be issued by way of the “Investments” part within the ABB-mobile utility, in all branches of ABB Financial institution, in addition to by way of the underwriter of the difficulty of shares ABB-Make investments and different funding firms within the nation.
Chairman of the Board of ABB Financial institution Abbas Ibragimov stated: “After the completion of the issuance course of, the Azerbaijani state will stay the primary giant shareholder of our Financial institution. We give choice to attracting not giant personal traders, however moderately small shareholders, for the reason that objective is that as a lot of our residents as doable can grow to be shareholders of ABB Financial institution and make the most of various funding alternatives. This may have a big optimistic impression on the securities market of our nation.”
ABB Financial institution is among the most worthwhile business establishments within the nation and area. The financial institution recurrently pays dividends to its shareholders from annual earnings. The quantity of dividends over the previous three years was: 125 million manats in 2022, 156.6 million manats in 2023 and 185 million manats in 2024. This yr, the annual dividend yield on ABB Financial institution shares reached 15.1%.
Extra detailed info will be discovered right here.
Details about fashionable, helpful, common services and products of ABB Financial institution will be obtained on the Financial institution’s branches and places of work, on the official web site by calling the Data Middle at brief quantity 937, in addition to on the Financial institution’s official Fb web page.