Thursday, September 1 2016 19:22
Karine Melikyan

New issue of stocks by Armeconombank listed on NASDAQ OMX Armenia

New issue of stocks by Armeconombank listed on NASDAQ OMX Armenia

ArmInfo. Starting from  September 01, 2016, additional issue of common nominal stocks by  "ARMECONOMBANK" OJSC will be listed on NASDAQ OMX Armenia and  included in the stocks' B list, the press-service of NASDAQ OMX  informs. 

Listed securities comprise 441,186 stocks (ISIN - AMHEZBS10ER5) with  nominal value of AMD 2,500, which will be traded under HEZB ticker  symbol and will be allowed to manual and REPO trading as well.  To  note back in May Armeconombank submitted an application to CBA on  making new issue of stocks. IPO started in June and will finish by  November 2016. The bank has conducted new issue of stocks amounted to  5 000 011 400 AMD. 

To recall, the Central Bank of Armenia has recently given a  preliminary positive conclusion on the merger of Armeconombank and  BTA Bank (Armenia). As a result, the regulatory capital of the merged  Amerconombank exceeded 20 bln AMD, increasing by over 4 bln AMD at  the expense of the transaction. To note, by the Central Bank's  decision, by 2017 the minimum total capital standard for the Armenian  banks shall be 30 bln AMD. 

To note, Armeconombank (former ZhilSotsBank of Armenian SSR) was the  first of the state banks to be reorganized into a joint-stock bank  with a CB registration dated 26 Aug 1991. The Bank has an OJSC  status. In 1997, Armeconombank's stockholder capital radically  changed when the founders of SIL Concern (the Sukiasyans family)  joined the capital. In 2004, EBRD joined Armeconombank's capital. As  of 1 April 2016 the majority shareholders of the Bank are EBRD -  11.05%, Saribek Sukiasyan - 25.9%, Khachatur Sukiasyan - 14.38%,  Robert Sukiasyan - 14.97%, Eduard Sukiasyan - 11.18%. The Sukiasyans'  family owns a total of 66.43% of the Bank's shares. 

According to Ranking of Armenian Banks prepared by ArmInfo as of July  1 2016 the bank's assets totaled 114.2 bln AMD (16% y-o-y growth),  including credit exposures-68.4 bln AMD (25% y-o-y growth), general  obligations-95.7 bln AMD (9% y-o-y growth). The Bank has 40 branches,  including 19 in Yerevan, 20 in the provinces of Armenia and 1 in the  NKR.

POST A COMMENT
Input digits     


News
Sporadic construction of solar power plants could undermine Armenia`s  food security - expertSporadic construction of solar power plants could undermine Armenia`s  food security - expert
ADB to help Armenia develop wind energyADB to help Armenia develop wind energy
US considers granting Armenia market economy statusUS considers granting Armenia market economy status
Another dollar tranche of bonds from IDBankAnother dollar tranche of bonds from IDBank
Tourists arriving in Armenia faced difficulties due to cashless  payment requirements - MPTourists arriving in Armenia faced difficulties due to cashless  payment requirements - MP
Armenia`s tax authorities on peculiarities of taxation when renting  apartmentArmenia`s tax authorities on peculiarities of taxation when renting  apartment
AraratBank acts as an underwriter of National Mortgage Company RCO bonds   AraratBank acts as an underwriter of National Mortgage Company RCO bonds  
Converse Bank customer wins Visa campaignConverse Bank customer wins Visa campaign
Armenia`s economy recovered quickly after `September shock` - Vahan  KerobyanArmenia`s economy recovered quickly after `September shock` - Vahan  Kerobyan
AraratBank launches Google Pay for its card usersAraratBank launches Google Pay for its card users
Goods imported to Armenia to be liable to excise taxGoods imported to Armenia to be liable to excise tax
Armenia`s national debt in terms of figures not essential - Armenia`s  premier Armenia`s national debt in terms of figures not essential - Armenia`s  premier 
French Development Agency to open permanent office in YerevanFrench Development Agency to open permanent office in Yerevan
Proposed reform to introduce system of mandatory universal income  declaration system for all resident citizens in Armenia cannot ensure  achievement of the declared goals: Tigran JrbashyanProposed reform to introduce system of mandatory universal income  declaration system for all resident citizens in Armenia cannot ensure  achievement of the declared goals: Tigran Jrbashyan
IDBank  “MalatiaIDBank  “Malatia" branch now more comfortable and modern
Largest mining company in Armenia presents its first ESG reportLargest mining company in Armenia presents its first ESG report
It is already possible to make payments with IDBank cards via Apple PayIt is already possible to make payments with IDBank cards via Apple Pay
 Converse Bank announces the launch of the  new coupon bonds placement Converse Bank announces the launch of the  new coupon bonds placement
Vine and Wine Foundation of Armenia: Volumes of wine production in  Armenia almost doubled over 5 yearsVine and Wine Foundation of Armenia: Volumes of wine production in  Armenia almost doubled over 5 years
Armenia`s minister of territorial administration hosts  Ukrainian-Armenian businessmenArmenia`s minister of territorial administration hosts  Ukrainian-Armenian businessmen
Iranian Minister of Energy announces launch of project for  synchronization of electricity between   Iran, Azerbaijan, Armenia and RussiaIranian Minister of Energy announces launch of project for  synchronization of electricity between  Iran, Azerbaijan, Armenia and Russia
Armenia`s economy most likely to not reach its historical high by the  end of 2022: Haykaz FanyanArmenia`s economy most likely to not reach its historical high by the  end of 2022: Haykaz Fanyan
Yerevan, Tehran continue to expand economic relationsYerevan, Tehran continue to expand economic relations
Success of the family business based in Tavush: from a home to a guest house and a small winerySuccess of the family business based in Tavush: from a home to a guest house and a small winery
Armenia becomes popular destination for BelarusiansArmenia becomes popular destination for Belarusians
Satlantis CEO: Armenia did not buy an expensive Mercedes, but rather   established a plant that will produce itSatlantis CEO: Armenia did not buy an expensive Mercedes, but rather   established a plant that will produce it
Robert Khachatryan: Satellite Control Center in Armenia to be ready  by the end of the yearRobert Khachatryan: Satellite Control Center in Armenia to be ready  by the end of the year
Armenia starts construction of its first satelliteArmenia starts construction of its first satellite
Participation of GeoProMining in state subvention projects in Armenia reaches 1 billion 700 million drams ($ 4.2 million )Participation of GeoProMining in state subvention projects in Armenia reaches 1 billion 700 million drams ($ 4.2 million )
Significant progress has been made on the issue of launching the  ferry crossing Poti - Port Kavkaz - Deputy MinisterSignificant progress has been made on the issue of launching the  ferry crossing Poti - Port Kavkaz - Deputy Minister
Armenia sings two loan agreements with AFD, ADBArmenia sings two loan agreements with AFD, ADB
Multifunctional cultural production cluster to open in DilijanMultifunctional cultural production cluster to open in Dilijan
Vice-President of Interstate Bank: After the developments at the  beginning of 2022, the turnover in the national currencies in the  correspondent banks of the Interstate Bank has increased  significantlyVice-President of Interstate Bank: After the developments at the  beginning of 2022, the turnover in the national currencies in the  correspondent banks of the Interstate Bank has increased  significantly
On November 22, Converse Bank to sell AMD, USD bonds worth AMD 3  billion, USD 10 million On November 22, Converse Bank to sell AMD, USD bonds worth AMD 3  billion, USD 10 million 
Armenia`s economy is unhealthy: Economist offers ways to solve  existing problemsArmenia`s economy is unhealthy: Economist offers ways to solve  existing problems
Google pay and Google wallet available in ArmeniaGoogle pay and Google wallet available in Armenia
Europrotocol is losing its popularity in Armenia due drop in  confidence in insurers; Market is getting adventurousEuroprotocol is losing its popularity in Armenia due drop in  confidence in insurers; Market is getting adventurous
If the potential for electricity export to Iran is activated, it will  affect domestic tariffs - Mher GrigoryanIf the potential for electricity export to Iran is activated, it will  affect domestic tariffs - Mher Grigoryan
Armenia`s defense expenditures in 2023, compared to 2018, will  increase by 113%: Pashinyan announces transition to professional armyArmenia`s defense expenditures in 2023, compared to 2018, will  increase by 113%: Pashinyan announces transition to professional army
Armenia increased export deliveries 2.2-fold in OctoberArmenia increased export deliveries 2.2-fold in October
No alternative to Armenia`s accelerated economic development -  minister No alternative to Armenia`s accelerated economic development -  minister 
Telecom Armenia team restore ed Internet access issues by launching  backup channelTelecom Armenia team restore ed Internet access issues by launching  backup channel
Ameriabank Launches Google Pay and Google Wallet Support for Card Users in ArmeniaAmeriabank Launches Google Pay and Google Wallet Support for Card Users in Armenia
Team Telecom Armenia warns of problems with Internet accessTeam Telecom Armenia warns of problems with Internet access
The state debt of Armenia has exceeded the psychological threshold of  $10 billionThe state debt of Armenia has exceeded the psychological threshold of  $10 billion
Ardshinbank showcases the Google Pay for Android fans in ArmeniaArdshinbank showcases the Google Pay for Android fans in Armenia
Google Pay is a new contactless payment option for Converse Bank customersGoogle Pay is a new contactless payment option for Converse Bank customers
Google Pay™ is available for Acba bank customersGoogle Pay™ is available for Acba bank customers
Armenia`s economy suffering losses due to lack of universal basic  skills - experts Armenia`s economy suffering losses due to lack of universal basic  skills - experts 
Share of non-cash transactions in plastic card transaction near 40% Share of non-cash transactions in plastic card transaction near 40% 
Discussions on concept of comprehensive health insurance held in  Armenia with participation of WB representativesDiscussions on concept of comprehensive health insurance held in  Armenia with participation of WB representatives
Construction of Kapan-Chakaten bypass road in Syunik region of  Armenia has been completedConstruction of Kapan-Chakaten bypass road in Syunik region of  Armenia has been completed
Number of virtual vPOS terminals is approaching 4 thousand in  Armenia, continuing double-digit growth trendNumber of virtual vPOS terminals is approaching 4 thousand in  Armenia, continuing double-digit growth trend
Pashinyan promises Pashinyan promises "geometric growth" of economy, in case of  implementation of  peace agenda
Armenia closely cooperates with its Iranian partners - PashinyanArmenia closely cooperates with its Iranian partners - Pashinyan
 Plastic cards` number exceeds 3 million in Armenia Plastic cards` number exceeds 3 million in Armenia
UNIDO launches quality infrastructure development program in ArmeniaUNIDO launches quality infrastructure development program in Armenia
Project to build new atomic power unit discussed in ArmeniaProject to build new atomic power unit discussed in Armenia
AMD 4,827,643 to the Homeland Defender’s rehabilitation center: The November beneficiary of AMD 4,827,643 to the Homeland Defender’s rehabilitation center: The November beneficiary of "The Power of One Dram" is the "Aren Mehrabyan" Foundation
Iranian minister: Iran`s trade with Armenia will triple after the  country joins the EAEUIranian minister: Iran`s trade with Armenia will triple after the  country joins the EAEU
Read more


Exchange rates
29.11.2022
RUB6.49-0.03
USD395.12-0.80
EUR410.25-4.40
GBP474.58-3.85
CAD293.73-0.96
JPY28.65-0.08
CNY54.89-0.39
CHF416.53-3.32