Today the annual meeting of Armeconombank shareholders took place.

As reported to finagent.am by Armeconombank, in 2017 a number of significant achievements and substantial growth in key indicators were recorded in the bank.

"2017 was another year of progress. The Bank's management and its entire staff ensured the program goals both in terms of volume and quality. We have had impressive results, which, however, does not mean that the bank will be satisfied, "said Saribek Sukiasyan, Chairman of the Board of Armeconombank.

This year, the Bank will pay dividends in accordance with tradition.

Chairman of the Bank's Board Aram Khachatryan noted that compared to the previous year the profit has grown by 2.5 times or 960 million drams and has made 1 550,4 million drams.

In 2017 Armeconombank's assets grew by 30.5% to 190.8 billion drams, loans to customers - 38.9% to 104.2 billion drams, liabilities to customers - 37.3% or 24.9% making 91.7 billion drams, and the total capital increased by 5.3%.

According to him, in 2017 the bank continued the mutually beneficial cooperation with the international financial institutions and the largest commercial banks abroad.

As of June 28 Armeconombank's total capital amounts to 32.5 billion drams, normative capital - about 33.1 billion drams, total assets - 200.6 billion drams, credit investments - 130.1 billion drams, term deposits of individuals - 44 , 1 billion drams, profits - 995 million drams.

The bank has 49 branches in the Republic of Armenia and Artsakh.

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