Armenian News - Tert.am
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13:56 May 31, 2024
Luiza Petrosyan, Member of the Board, Secretary, spoke about placements of shares, their attractiveness, effective internal control mechanisms, and stronger corporate governance principles. Armeconombank has been issuing shares regularly over the past years. Are there any pending new issues and what is the principle of issue of shares in general? You are right about the recent issues. In 2016, the Bank adopted a policy aimed at increasing the capital also by regular placements of shares. Since then, on the account of such placements only, Armeconombank’s capital has increased about 13 times. Legislative changes in the form of capital retention and anti-cyclical buffers as implemented by the Central Bank of Armenia served as an extra stimulus for the latest placements. During this year alone, the capital has already been supplemented with nearly AMD 7bn by the founding shareholders of the Bank, which creates a solid ground for further dynamic development of the Bank. By the way, one more placemen of Armeconomb...