YEREVAN, June 19. / ARKA /. Armeconombank (AEB) saw all its key financial indicators to grow in 2014, the bank said in a statement issued after Friday's annual meeting of shareholders.

According to the statement, AEB’s total assets last year surged by 23.9%; its credit portfolio grew by   27.9% and liabilities to clients – by 29.6%.

Time deposits are said to have increased by 22.3%, while demand deposits shot by 31.4%. AEB said also its total capital grew by 0.1% and net profit by 14%.

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Armenian Armeconombank has launched a 5 billion drams IPO. The public offering and subscription to ordinary nominal shares of the bank was announced by Armenbrok investment company, chosen by the bank to act as the underwriter of the issue

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Armenian Armeconombank said today its major shareholders, brothers Khachatur and Saribek Sukiasians, have replenished its capital by 3.6 billion drams

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Armenian Armeconombank said today it has channeled part of its long-term subordinated loan into replenishing its regulatory capital by 1.2 billion drams. The main shareholder of Armeconombank, Eduard Sukiasyan, replenished the regulatory capital on March 20

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Moody’s Investors Service has today downgraded to B2 from B1 the long-term foreign- and local-currency deposit ratings of Armeconombank (Armenian Economy Devt Bank) (AEB)

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Armeconombank earned AMD 345.5 million in profits in 2012 against AMD 497.3 million in 2011, Armen Naljyan, chairman of the bank’s board, told journalists on Friday

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Armeconombank will not pay dividends to the shareholders for 2012, said Samvel Gharibyan, member of the Board

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Armeconombank made a present to its 30 female clients on the occasion of March 8, the bank’s press service reported

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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

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Armeconombank earned 497.3 million drams in net profit in 2011, an increase of 41.3% over the previous year, the Bank’s CEO, Armen Naljian, told an annual meeting of shareholders today

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