Evocabank has replenished its capital

Evocabank’s capital has been replenished by AMD 2.05 bln

Evocabank has replenished its capital

The decision to replenish Evocabank’s share capital was made at Evocabank shareholders' general meeting of May 29, 2020.

As mentioned by the chairman of Management Board Karen Yeghiazaryan, the decision on capital replenishment was based on the main provisions of the strategic development plan and aimed to support the Bank’s further growth and development, improve its competitive positions and contribute to implementation of business expansion policy.

“As a result of replenishment, the share capital totaled AMD 20.0 bln, while general regulatory capital – around AMD 38.0 bln, thus strengthening the Bank’s leading positions in terms of capital adequacy”, was mentioned at the Bank.