Shareholders and Investors

Significant Shareholders
The founding shareholders of Inecobank CJSC are Mr. Avetis Baloyan, who owns 41.48% and Mr. Karen Safaryan, who owns 34.58% shares of the Bank.
In the shareholder structure of Inecobank are also included Developing World Markets (DWM) US based investment company holding 5.09% of shares (shareholder since 2019) and Ineco Partners CJSC holding 4.99% (shareholder since 2021).


Avetis Baloyan
41.48 %
Avetis Baloyan
Individual | since 1996
Karen Safaryan
34.58 %
Karen Safaryan
Individual | since 1996
Developing World Markets
5.09 %
Developing World Markets
Investment comapny | since 2019
INECO PARTNERS CJSC
4.99 %
INECO PARTNERS CJSC
since 2021
Changes in Share capital

The decision on changes in share capital is made at the general meeting of shareholders.


2022

In 2022, AMD 5,000,077,500.00 of the Bank retained earnings were directed to the increase of the share capital through increasing the nominal value of each share by AMD 27,500. The new nominal value of one share was set at AMD 107,500.


2014

In 2014,  AMD 4 155 870 000 of the Bank retained earnings were directed to the increase of the share capital through increasing the nominal value per share by AMD 30 000.


2011

In 2014,  AMD 3 468 225 000 of the Bank retained earnings were directed to the increase of the share capital through increasing the nominal value per share by AMD 25 000.


2010

In 2010,  AMD 2 007 935 000 of the Bank retained earnings were directed to the increase of the share capital through increasing the nominal value per share by AMD 15 000.

Updated as of 22.11.2022 17:15