Fri, 3 October
21.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

Armeconombank raises its regulatory capital by 1.2 billion drams

YEREVAN, March 23. / ARKA /. Armenian Armeconombank said today it has channeled part of its long-term subordinated loan into replenishing its regulatory capital by 1.2 billion drams. The main shareholder of Armeconombank, Eduard Sukiasyan, replenished the regulatory capital on March 20.

The bank said it will use the replenished capital for lending to local companies and individual borrowers.

Armeconombank was registered in 1991. Its shareholders are EBRD -20%, Saribek Sukiasyan – 22.6%, Khachatur Sukiasyan – 19.5% and Robert Sukiasyan – 15.3%.

The bank’s assets at the end of 2014 stood at 91.9 billion drams, a 24% rise from the beginning of the year. Its liabilities surged by 28% to 80.8 billion drams; the capital increased by 0.7% to 11.1 billion drams and its net profits grew by 23.6% to 886 million drams. ($ 1 – 478.36 drams).

spot_img

POPULAR

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img