Shareholders and Investors

Significant Shareholders
 
INECO GROUP CJSC
34.98 %
INECO GROUP CJSC
Karen Safaryan
34.58 %
Karen Safaryan
Individual
BF CAPITAL CJSC
5.92 %
BF CAPITAL CJSC
IM PARTNERS CJSC
5.09 %
IM PARTNERS CJSC
INECO PARTNERS CJSC
4.99 %
INECO PARTNERS CJSC
Other shareholders
14.44 %
Other shareholders
Persons Holding Indirect Significant Interest
Avetis Baloyan, through:

- INECO GROUP CJSC
- BF CAPITAL CJSC
- IM PARTNERS CJSC
- INECO PARTNERS CJSC
INECO GROUP Financial Group

By Decision No. «16 ԾԳ Ա» of the Board of the Central Bank of Armenia dated 26.03.2026 INECOBANK CJSC, INECO GROUP CJSC and DIMENSION CJSC have been recognized as a financial group under the name INECO GROUP.

INECOBANK CJSC has been appointed as the responsible entity of the Financial Group.

The Financial Group, including its direct and indirect participants, has the following structure:
Structure ENG


Changes in Share capital

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

2025

In 2025 AMD 6,700,846,000 from retained earnings and AMD 7,753,929,000 from share premium were allocated to increase the charter capital, and AMD 2,200,000,000 was allocated to increase the general reserve. As a result, the face value per share was set at AMD 300,000.

2024

In 2024, 20,545,773,000 AMD from the retained earnings of the Bank was allocated to increase the statutory capital and 2,600,000,000 AMD to the general reserve. As a result, 220,500 AMD was set as the face value per share.


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 18.05.2026 14:12