BAKU, Azerbaijan, September 24. The International Bank of Azerbaijan (ABB) anticipates that its dividend yield will exceed 15 percent next year, Chairman of the Board of the International Bank of Azerbaijan Abbas Ibrahimov said during a briefing on the results of the share issuance, Trend reports.
"As of September 1 of this year, ABB reported a net profit of 212 million manat. This year, the dividend yield for the bank's shareholders reached 15.1 percent, and we expect this figure to surpass 15 percent next year," the chairman noted.
To note, in total, approximately 50 thousand applications from more than 33 thousand investors were received for the initial public offering (IPO).
This resulted in an increase in shareholders from 1,794 to 35,104 people.
The overall demand for ABB shares has risen by 7.8 percent compared to the previous period.
84 percent of orders for ABB shares were made through digital channels.
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