Owners
The Bank's chartered capital amounts to AMD 27,186,784,000 It covers AMD 2,001,710 for ordinary shares, each with a nominal value of AMD 10,400 and 424,600 preferred shares with a nominal value of AMD 15,000 each.
Information on issued shares of the Bank.
ARMECONOMBANK had 20 issues of shares.
The Bank has 6,287 shareholders.
Pricing of the Bank's shares: NASDAQ OMX Armenia.
The share register is run by the Central Depository of Armenia:
The Central Depository of Armenia OIC,
Address: 5M.Mkrtchyan, Yerevan
Tel: +374 10 520-978, +374 10 566-466, +374 10 589-151,
Fax: +374 10 585-549.
On the paid dividends
Based on the annual results, the Bank, against the common shares, paid dividends in the sizes mentioned below.
1992 - 175%,
1993 - 200%,
1994 - 500%,
1995-2001 Pursuant to the resolution of Shareholders’ Meeting the profit was directed to the development of the Bank
2002 - 6%,
2003 - 8%,
2004 - 10%,
2005 - 11%,
2006 - 12%,
2007 - 12%,
2008 - 10%,
2009 - 7%,
2010 - 9%,
2011- 9%,
2012 – The Shareholders’ Meeting resolved to direct the profit to the development of the Bank.
2013 - The Shareholders’ Meeting resolved to direct the profit to the development of the Bank.
2014 - 7%,
2015 -14%
2016 - 8%
2017- AMD 150 per share
2018- AMD 150 per share
2019 – AMD 200 per share
2020 – AMD 200 per share
2021 – AMD 250 per share
The Bank’s policy on the payment of dividends proceeds from the following approach:
- Paying serious attention to the requirements of the Bank’s shareholders
- Ensuring efficient development of the bank,
- which will again contribute to the shareholders’ benefits
Regulation on dividents
Decision on paying dividents
In compliance with part 4 of the Article 43 of the RA law on “Banks and Banking”, each participant of ARMECONOMBANK OJSC has the right to receive the copies of the latest Annual report and the External Auditor’s Report.
Each participant owning 2% and more of the distributed voting shares (shares, stocks) , is entitled with the right to get the information set forth by the parts 4 and 5 of the Article 43 of the RA law on “Banks and Banking”. The Law is available on the following link.
The aforementioned information shall be provided by the Bank FREE OF CHARGE within 3 working days after the receipt of the written demand of the participant. The written application can be submitted by the following means of communication: on hand – in the head office , any branch or representation of the Bank, through email-bank@aeb.am or by mail- 23/1 Amiryan 23/1, 0002, Yerevan, ARMECONOMBANK OJSC.
Annual report of the reporting issuer 2022 (28 APRIL 2023)