Acba Bank to allocate AMD 6bln to payment of dividends for 2024 

ArmInfo. At the annual general meeting, Acba Bank shareholders decided to allocate 6.584 billion drams or 1100 drams per share from the net profit of 28.8 billion drams received in 2024 to pay dividends. This was noted in the  statement of Acba Bank published on June 18.  According to the decision on the payment of dividends, the payments should be completed on June 20, 2025.

During the meeting, it was announced that in 2024 the bank made significant progress in the field of corporate governance, increasing the confidence of shareholders and investors. In this regard, special significance was attached to the fact that Proparco (a subsidiary of the French Development Agency) became a shareholder of Acba Bank in 2024 with a 10% share in the capital, which indicates high confidence in the bank.

2024 was also a year of unprecedented development of partnerships with international organizations for Acba, marked by the conclusion of record loan agreements and risk-sharing deals. In particular, the European Investment Bank (EIB) provided ?55 million, the US International Development Finance Corporation (DFC) - $50 million, the Japan International Cooperation Agency (JICA) - $50 million, the International Finance Corporation (IFC) - $50 million (using the 50/50 risk-sharing mechanism), the European Bank for Reconstruction  and Development (EBRD) - ?50 million. In addition, in 2024, Acba Bank and American Express announced the expansion of the framework of their multi-year partnership.

At the meeting, it was announced that the priorities of Acba Bank's strategy for 2025 are innovation, internal efficiency and sustainable development. It is planned to significantly develop the capabilities of digital platforms through the introduction of new services and analytical tools. Acba looks confidently to the future, continuing to strengthen its position in the financial market, creating long-term value for its shareholders and the entire society.

Chairman of the Board of Acba Bank Rafael Sargsyan noted: "ACBA continues its mission to build a company with strong corporate governance. We are creating a transparent and accountable system, where the powers of the shareholders, the Board and the Management Board of the bank are well balanced, and the beneficiaries of all this are not only the shareholders, but also other stakeholders of the bank, including customers and employees, the Central Bank of Armenia, the bank's partners and the public. Our task is to understand their interests well and take care of them." 

Acba Bank CEO Hakob Andreasyan noted: "We enjoy the trust of our international partners and are strong in the experience accumulated during the cooperation with them. I believe that by doing so we send a clear message about transparency and predictability, and the acquisition of the bank's shares is a very successful and profitable investment in the long term." Acba Bank CFO Stepa Zakinyan added: "The bank demonstrates stable growth year after year in its core business, profit, customer base and development of digital technologies. On average, Acba Bank doubles its business volumes  every 4-5 years, i.e. ensures annual growth of 15-20%."

In 2024, Acba Bank ensured high double-digit growth in key balance sheet indicators: Assets increased by 18.9% to 931.7 billion drams; loan portfolio - by 16.8% to 629.3 billion drams; capital - by 22.8% to 163.4 billion drams; deposits and funds raised from issued bonds - by 18.9% to 623.5 billion drams. In addition, in 2024, the number of users of the digital innovative system acba digital increased by 37.9%, approaching 530 thousand. Acba Bank maintains leadership in the plastic cards market, also ranking first in the number of POS terminals and ATMs. 

Before Proparco ( Public Limited Company) entered into the capital of Acba Bank, the shareholders' equity participation was as follows: CJSC "ACBA Federation" - 81.62%, SJSC "Sacam International" - 4.55%, and the remaining 13.83% were legal entities and individuals, including employees of ACBA Federation, Acba Leasing and Acba Bank. After Proparco acquired 10% of Acba Bank shares, the share  of CJSC "ACBA Federation" decreased to 75%, Sacam International decreased to 2.24%, and the share of legal entities and individuals (including employees of ACBA Federation, Acba Leasing and Acba Bank) decreased to 12.76%. The deal for the acquisition of 10% of Acba Bank shares by Proparco took place in the fourth quarter of 2024.