Armeconombank to pay 225 dram dividends per share

29.06.2012 16:07
Armeconombank to pay 225 dram dividends per share

YEREVAN, June 29. /ARKA/. Armeconombank will pay 225 drams of dividends per share to its shareholders for 2011 performance, Anahit Simonian, a member of the Board of the Bank, said today at the annual shareholders meeting .

She said the Bank has earmarked 210 million drams of 497.3 million dram net profit last year to pay as dividends.

"As a result, the yield on a share in annual terms amounted to 9% or about 225 drams per share, ‘ she said.

According to Simonian, the face value of a share is 2500 drams, the balance cost is about 10,000 drams, and the market value is more than 4000 drams.

"I want to emphasize that Armeconombank is the only bank today whose shares are traded on NASDAQ OMX Armenia", she added. She said payment of dividends started July 29.

"Shareholders can visit the head office and branches of Armeconombank and receive their dividends,” she said.

More than 78% of the bank’s shares are owned by EBRD (25% +1 share) and the Sukiasian family, founder of SIL Concern (53.4%). The remaining shares belong to resident and nonresidents individuals. ($1 - 417.64 drams). -0-


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