Dividends

The Bank's chartered capital amounts to AMD 26,107,555,200  It covers AMD 1,897,938 for ordinary shares, each with a nominal value of AMD 10,400.

Information on issued shares of the Bank.
ARMECONOMBANK had 18 issues of shares.

The Bank has 5,037 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 

 

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