Unibank to pay AMD 4,1 bln dividends to shareholders

07.05.2024 | 11:43 Home / News /
#Unibank #dividends
The shareholders’ annual general meeting of “Unibank” OJSC was held, summing up the results of the activity of the bank in 2023. Unibank completed 2023 with a profit of AMD 4.5 bln and the bank’s Board decided to submit the issue of paying dividends on ordinary shares for approval to the Shareholders’ Meeting.

The bank said that the amount of dividends will be AMD 4.1 bln. The decision to pay dividends shows the effective performance of the bank for the reporting period. The shareholders will receive dividends in the period from July 3 to 28 of 2024.

“The results of the year confirmed the effectiveness of the bank’s strategy - to be an honest and reliable financial partner, to be able to listen to our clients and find solutions that are useful for people and business,” the news release reads.

It notes that during the reporting period, the bank’s capital exceeded AMD 40 bln, the assets- AMD 289 bln. The bank’s loan portfolio increased by almost 25% in 2023.

The bank’s shares are traded on the stock exchange at more than three times their nominal value.

The high level of Unibank in the field of premium banking service and wealth management is confirmed by the Euromoney award. Private banking of Unibank - Unibank Privé was recognized as the best in Armenia according to the Euromoney Global Private Banking Awards 2023.

“In the reporting year, Unibank expanded its regional presence - today Unibank’s service network includes 50 branches and more than 100 promotional points. Meanwhile, the bank is heading towards digitalization and introduction of high technologies. Clients are actively using the bank’s mobile app, which allows them to solve daily financial issues easily. In 2023, the number of UNIMobile app users increased by almost 14%.

Taking into account the growing investment demand from clients, at the end of 2023 Unibank launched brokerage service. The mobile app Unibank Invest provides clients with the opportunity to invest in global capital markets. With Unibank Invest clients get direct access to the world's leading exchanges - NYSE, NASDAQ, LSE, HKEX, Xetra, etc.

Unibank has also made a significant contribution to sponsorship, charity and social programs,” the news release read.
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