{"id":86838,"date":"2015-04-17T16:30:19","date_gmt":"2015-04-17T16:30:19","guid":{"rendered":"https:\/\/armbanks.am\/2015\/04\/17\/242743\/"},"modified":"2024-12-15T13:17:34","modified_gmt":"2024-12-15T13:17:34","slug":"armeconombank-replenishes-its-capital-by-3-6-billion-drams","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/04\/17\/86838\/","title":{"rendered":"Armeconombank replenishes its capital by 3.6 billion drams"},"content":{"rendered":"<p><strong>YEREVAN, April 17. \/ ARKA \/.<\/strong> Armenian Armeconombank said today its major shareholders, brothers Khachatur and Saribek Sukiasians, have replenished its capital by 3.6 billion drams.<\/p>\n<p>The bank said the replenishment will increase its regulatory capital and the funds will also be lent to the economy and individuals as consumer loans.<\/p>\n<p>Earlier, on March 20, the third brother, Eduard Sukiasian, had invested 1.2 billion drams into the bank\u2019s capital as a long-term subordinated loan.<\/p>\n<p>In January Armenia\u2019s Central Bank raised the minimum amount of commercial banks\u2019 total capital to 30 billion drams from the current 5 billion drams from January 1, 2017.<\/p>\n<p>The banks established before January 1, 2017 will have to meet the new requirement- that is to have 30 billion drams worth total capital. The measure is aimed at encouraging mergers and consolidation of banks, which is expected to create a sound competitive environment and make banking services more available.<\/p>\n<p>The regulator expects this measure to increase the flexibility and the ability of the banking system to withstand shocks in different economic situations, and help advance financial intermediation.<\/p>\n<p>Armeconombank was established in 1991. Its shares are held by EBRD (20%). The rest is held by three Sukiasians brothers.<\/p>\n<p>The bank\u2019s assets grew by 24% last year. Liabilities grew by 28% to 80.8 billion drams; the capital grew by 0.7% to 11.1 billion drams. Net profits grew by 23.6% to 886 million drams. ($ 1 &#8211; 472.28 drams). 0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian Armeconombank said today its major shareholders, brothers Khachatur and Saribek Sukiasians, have replenished its capital by 3.6 billion drams<\/p>\n","protected":false},"author":1,"featured_media":167993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12196,15418,12345],"class_list":{"0":"post-86838","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armeconombank","10":"tag-bank-en-2","11":"tag-dram"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/86838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=86838"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/86838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/167993"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=86838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=86838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=86838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}