Davit Sukiasyan, AEB’s chairman and chief executive, confirmed to Euromoney that the bank would hold discussions with the London Stock Exchange among other exchanges about a possible initial public offering in 2008. Listed on the Armenian stock exchange since 2002, AEB is already the country’s leading stock by market capitalization and turnover.
AEB has established a record as a trailblazer in several fields, including ATM provision, credit card issuance, mortgage lending and corporate governance policies.
Stakeholders
Key stakeholders include the country’s leading conglomerate, Sukiasyan Investment Group (SIL Group), which owns more than 50% of the bank and the European Bank for Reconstruction and Development, which has a 25% plus one share holding.
The bank has grown quickly in recent years and is now ranked fifth among Armenia’s 20 banks by assets, with about Dram44 billion ($124.4
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