Evocabank Share Capital Increased

Evocabank’s capital is increased by AMD 3 Billion.

Evocabank Share Capital Increased

As mentioned by the Chairman of Evocabank Management Board Karen Yeghiazaryan, the increase in the share capital is based on the main provisions outlined in the bank’s strategic development plan and is aimed at supporting the Bank’s growth and development, improvement of its competitive positions and business expansion.

The capital augmentation is carried out by Evocabank shareholder, Republic of Armenia citizen and resident of Switzerland Mareta Gevorkyan, as a result of which her participation in the Bank’s voting shares equals 96.53%.

As a result of capital augmentation, Evocabank share capital totals AMD 23.0 billion, while regulatory capital is over AMD 44 billion, thus strengthening the Bank’s leading positions in Armenian banking system in terms of capital adequacy.

As the first and the only bank in Armenia to operate in mobile-first format, Evocabank delivers fast, simple and innovative services and stands out by its active use of newest information technology.

Evocabank is named “The Best Consumer Digital Bank in Armenia” for the 6th year in a row by Global Finance prestigious financial magazine.