NASDAQ OMX Armenia Welcomes Byblos Bank Armenia as its Member

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The FINANCIAL — Byblos Bank Armenia cjsc was registered as a Member at NASDAQ OMX Armenia and granted the right to participate in all the markets of the Exchange.

 

According to NASDAQ OMX, since 2009 Byblos Bank Armenia, being market participant, participated in foreign currency market of the Exchange, lateron in 2010 the Bank joined credit resources market of NASDAQ OMX Armenia. From now on Byblos Bank Armenia, as a member of NASDAQ OMX Armenia, will operate on all the markets of the Exchange.

"Byblos Bank Armenia” cjsc is the legal successor of  “ITB” International Trade Bank”. The bank started its activity in Armenia in 1992 and operates under the CBA license N 72. In April, 2000,  the Bank was acquired by foreign companies, which lateron joined the Makarios Group Holding. In 2007, 100% of the bank ownership was acquired by one of the major Lebanese banks, "Byblos Bank” S. A. L, which operates in France, Belgium, England, Syria, Iraq, Cyprus, Sudan and other countries. In 2008, European Bank for Reconstruction and Development and OPEC Fund for International Development acquired ownership at "Byblos Bank Armenia” cjsc as follows: EBRD – 25%+1 share, OFID – 10%.

As of today overall 32 banks and investment companies are members and market participants at NASDAQ OMX Armenia, of which 26 are members, while the rest 6 are market participants.

 

 

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