Shareholders and Investors

Significant Shareholders
The founding shareholders of Inecobank CJSC, Mr. Avetis Baloyan and Mr. Karen Safaryan, own the 38.10% and 32.95% of the shares respectively. 

Important international financial institutions are also represented in the list of the shareholders, including agRIF Cooperatief U.A investment fund holding 10.01% (shareholder since 2018) and Developing World Markets (DWM) US based investment company holding 5.10% of shares (shareholder since 2019).



Avetis Baloyan
38.1 %
Avetis Baloyan
Individual | since 1996
Karen Safaryan
32.95 %
Karen Safaryan
Individual | since 1996
agRIF Cooperatief U.A
10.01 %
agRIF Cooperatief U.A
Financial institution | since 2018
Developing World Markets
5.1 %
Developing World Markets
Investment comapny | since 2019
Changes in Share capital

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


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 26.08.2020 18:24