Owners
The statutory capital of the bank amounts to AMD 30,801,894,720 It includes 11,746,584 common shares with a nominal value of AMD 2,080 each and 424,600 preference shares with a nominal value of AMD 15,000 each.
Information on issued shares of the Bank.
ARMECONOMBANK OJSC has issued 23 shares.
The bank has 6,963 shareholders
Pricing of the Bank's shares: Armenian Securities Exchange.
The share register is run by the Central Depository of Armenia.
The Central Depository of Armenia OIC,
26/1 Vazgen Sargsyan str., 5th floor, Erebuni Plaza Business Centre, Yerevan 0010, Armenia
Tel: +374 60 61 55 55, more info 111, +374 60 61 55 55 more info 126
Fax:+374 10 543 321 more info 136
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 - Pursuant to the resolution of Shareholders’ Meeting the profit was directed to the development of the Bank
2013 - Pursuant to the resolution of Shareholders’ Meeting the profit was directed 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 ,
2022 – AMD 30 per share
(On 21 April 2023, the extraordinary meeting of the Bank’s shareholders resolved to split the Bank's ordinary shares at the ratio of 1-into-5. As a result, the nominal value of 1 share decreased 5 times, from AMD 10,400 to AMD 2,080. Therefore, to compare the dividends before and after the split, it will be necessary to multiply the dividends paid (starting from 2022) by 5 (for example, AMD 30 dividend paid in 2022 is equivalent to AMD 150 paid in the preceding years).The Bank’s policy on the payment of dividends proceeds from the following approach: to pay serious attention to the requirements of the Bank’s shareholders, to ensure the efficient development of the bank, which will contribute to the shareholders’ benefits).
2023 - AMD 40 per share
The bank's dividend payment policy is grounded in the following approach: taking maximum consideration of the demands of the bank's shareholders and ensuring the efficient development of the bank, which, in turn, contributes to the interests of the shareholders.
The procedure for payment of dividends
Decision on paying dividends
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.
