YEREVAN. - Ameriabank is going to make an IPO in the coming 2-3 years. Chairman of the Board of Directors at “Ameriabank” CJSC, Andrew Mkrtchyan, stated the aforementioned during the signing of an agreement with the European Bank for Development and Reconstruction (EBRD) and the International Finance Corporation (IFC) in Yerevan today.   

More precise parameters for the distribution will depend on the situation on the international capital market, as well as the bank dynamics.

“Overall, IPO usually starts with 30-40 percent shares. And the precise details will depend on how successful we will be in the coming period,” Mkrtchyan said.

According to one of the agreements, EBRD will invest $40 million capital in Ameriabank. During the first stage, the bank will invest $30 million in the purchase of nearly 20 percent of the shares. The remaining 10 million will be used for the future growth of bank capital.

Under another agreement, IFC has provided Ameriabank with a subordinated loan in the amount of $50 million.  

Ameriabank is the largest bank in Armenia according to its shares, loan portfolio, obligations and deposits. The entire fund of the bank now constitutes nearly $200 million, the total assets equaling to about $1 billion by the end of 2015.