ALSE to open its doors for investors in fall 2017: CEO Gjergji
The first Albanian private stock exchange will open its doors for the public in fall 2017.
In an interview with TV SCAN, Artan Gjergji, CEO of the newly-licensed stock exchange ALSE says that the institution will soon begin working with the Central Bank in order to coordinate technical infrastructure that will enable the trading of the Albanian government bonds and treasury bills.
In the first year of its activity, ALSE will focus on trading government securities, while the Registry of Titles is also expected to be licensed and all the necessary infrastructure will also be prepared to facilitate trade of securities in the first year of activity.
“The Albanian business community has no phobia regarding having in their shareholding structure other shareholders who are not part of the family. There are already large businesses, namely corporations, which are open to foreign capital and to other shareholders who are not part of their family, something that functions on their governing bodies in both the professional and technical level. So, in my opinion, businesses, throughout the last two decades, have evolved at the speed of light. I am fully convinced, and we can mention many business brands that not only meet the criteria for being worthy to be listed in the Albanian Securities Exchange, but actually meet all international standards of best business practices regarding their way of functioning,” ALSE CEO said.
Gjergji said that the needs of the market are tangible and the growth cycle in Albania requires the need of capital increase through stock exchange instruments.
In the first stage, according to Gjergji, there are expectations that the business community will use the stock exchange especially for borrowing through bonds.
The Financial Supervisory Authority announced Thursday the licensing of ALSE as a very important development for the Albanian financial market.
According to FSA, the newly-established stock exchange offers an opportunity to businesses to provide long-term funding for their projects that banks may not be able to fund.
The stock exchange enables businesses to increase their capital by attracting new shareholders.
On the other hand, investors will have the opportunity to invest in a regulated market that offers trust and full transparency.
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.