ARMENIAN BTA BANK JOINS NASDAQ OMX STOCK EXCHANGE
ARKA
Feb 25, 2009
YEREVAN, February 25. /ARKA/. BTA Bank CJSC joined NASDAQ OMX Armenia
stock exchange on February 25, 2009, ARKA News Agency was told at
department on marketing and communications of the stock exchange.
NASDAQ OMX Armenia membership will enable BTA Bank to carry out
exchange transactions in all corporate securities listed on NASDAQ
OMX Armenia, as well as in Government bonds, REPO and foreign currency.
BTA Bank CJSC is the legal successor of International Investment Bank
established in 1991.
The bank renders universal banking services to individuals and legal
entities through its main office in Yerevan and five branches in
Yerevan and Gyumri.
The bank’s largest shareholders are Bank TuranAlem (Kazakhstan) with
48.9% shares, ZRL Betaligunds GmbH German investment company (31.1%)
and Mobilex Energy Limited Ltd (16.2%).
By late 2008 the bank’s total capital had reached 5.5bln AMD, with
total assets amounting to 13bln AMD.
On January 27 2009 Armenian Stock Exchange OJSC was officially renamed
as NASDAQ OMX Armenia open joint stock company.
NASDAQ OMX was registered in Armenia in 2001 as a self-regulating
organization embracing 21 dealer organizations.
In early November 2007 the stock exchange was reorganized into an
open joint stock company.
In January 2008, Nordic exchange operator OMX Group acquired 100%
of shares of the Armenian Stock Exchange (Armex)20and the Central
Depository of Armenia (CDA).
As of February 25 2009, 23 securities have undergone listing on NASDAQ
OMX Armenia, and the capitalization is 53.6bln AMD.
Currently 23 companies, including 16 banks are members of NASDAQ OMX
Armenia.