Capital Management: Interest soar to IBA's shares

Baku. 2 June. REPORT.AZ/ Measures aimed at rehabilitation of International Bank of Azerbaijan (IBA), including the government’s intention to assume foreign debts of the bank, boosted interest to shares of the financial institution.

The analyst of Capital Management, in charge of sale and purchase of IBA’s shares, Jafar Ibrahimli told Report.

According to him, investors, who didn’t want to buy securities with nominal value of 27 gapiks for 7-8 gapiks until recently, now seek to buy shares for 10 gapiks: “Investors conclude that although after transfer of IBA’s obligations to the government its assets will reduce, it will become a healthy financial institution and operate with profit, eventually bring dividend to the shareholders”.

“Conclusion of transfer of obligations and significant influence of financial summary of current year on shaping new market value of shares are expected”, expert told.