ALSE is a guarantee for higher return investment options: CEO Gjergji
The opening of the new securities exchange ALSE will offer to individual and institutional investors, such as investment funds, an opportunity to diversify the portfolio.
In an interview with SCAN TV, Artan Gjergji, CEO of the Albanian Securities Exchange, stated the newly-established stock exchange will guarantee an opportunity for higher return on investment.
The securities of Albanian companies would provide higher benefits in relation to the current financial instruments.
“If we take a look at the functioning of the Albanian securities exchange from the viewpoint of financial institutions, this will act6ually be another highly positive step towards the economic development of the country. Here we can add the share of benefits that the business has in turn. If so far businesses had as an alternative to financing only reinvestment of their profits or the banks, now there is another alternative, that is, emitting the securities on the Albanian Stock Exchange and inviting the public to become a stakeholder, a borrower or a lender in a relationship with the Albanian businesses,” Gjergji said.
Albanians have invested over 100m euros in Raiffeisen Invest’s investment fund, which were invested, among others, in foreign and government securities.
The opening of the ALSE will enable higher return investments in the domestic market as well, including corporate securities or shares.
SCAN
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