Francis Malige։ Ameriabank is the best Armenian bank for IPO today

May 24, 2021 – 17:44 AMT

PanARMENIAN.NetFrancis Malige, Managing Director, Financial Institutions for the EBRD, has in a fresh interview spoken about how challenging the year 2020 was for the EBRD, the global economy recovery after the crisis, the likelihood of new projects and opportunities, current state of the banking system in and fruitful cooperation with Ameriabank.

“Ameria is clearly the best place of the Armenian banks for an IPO today. To fund IPO you need a few things to work. One is you actually need market appetite. So that is not entirely dependent on Ameria. There is a crisis out there so investor appetite, we need to be engaged properly by the arrangers of the transaction. But you also need strong fundamentals. And those strong fundamentals go in two buckets in my view. One that you need is a minimum critical size,” Malige said.

“Ameria is reaching that minimum critical size which is not easy in the Armenian market because it’s not such a big market. But it is reaching that size. They can actually go and be offering a pool of investors a number of shares that will make it into a meaningful IPO on the international stage. And it’s not just about being big. It’s also about being good. And Ameria has a very good management team has very good products, a good set of clients and so is ready, in my view, for an IPO.”

The full interview is available below.

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