Price of possible deal between Ameriabank and BOGG is reasonable, expert says

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21.02.2024, 19:29

Considering market trends and developments, as well as all related facts, the price of a possible deal between Ameriabank and Bank of Georgia Group (BOGG) is reasonable, Executive Director of Finarm Financial Market Participants Association Karen Zakaryan told Civilnet.

Price of possible deal between Ameriabank and BOGG is reasonable, expert says

YEREVAN, February 21. /ARKA/ Considering market trends and developments, as well as all related facts, the price of a possible deal between Ameriabank and Bank of Georgia Group (BOGG) is reasonable, Executive Director of Finarm Financial Market Participants Association Karen Zakaryan told Civilnet.

On Monday, BOGG announced a deal to buy Armenian Ameriabank for $303.6 million. Zakaryan emphasized that in the case of banks the price of the deal has certain peculiarities.

For example, in the case of Ameriabank, the price-to-capital ratio is about 0.7. "There is a very large English bank, which, unlike Ameriabank, is listed on the London Stock Exchange- Barclays- which today trades with a ratio of 0.33. Or Kazakh banks, which are listed on the London Stock Exchange, have roughly the same ratios. Taking all these facts into account, I think the price of the deal between Ameriabank and BOGG is reasonable," Zakaryan said.-0-

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