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Bank management
Board of the Bank
Arsen Mikayеlyan
Chairman of the Board
Vitaly Grigoryants
Member of the Board
Sergey Arzumanyan
Member of the Board
Alik Chirkinyan
Member of the Board
Sevak Petrosyan
Member of the Board
Executive Board of the Bank
Artavazd Sargsyan
Chairman of the Executive Board
Manvel Sahakyan
First Deputy Chairman of the Executive Board, Member of the Executive Board
Nshan Grigoryan
Deputy Chairman of the Executive Board – Director of Credit Department, Executive Board Member
Vardan Aghajanyan
Deputy Chairman of the Executive Board - Director of Operations Department, Executive Board Member
Narine Sargsyan
Chief Accountant, Executive Board Member
Ani Ghambaryan
Director of Risk Management Department, Executive Board Member
Aliona Stratan
Deputy Chairman of the Executive Board - (coordinator of the Department of Retail Business Development, Department of Regional Development, Department of МB & SB Loan Transactions Underwriting, and Client Business Processes Management Unit)
Movses Eloyan
Deputy Chairman of the Executive Board (coordinator of Treasury Department and International Transactions Department)
Internal Control Department
Karen Ghahramanyan
Director of Internal Control Department

 

Evaluation principles of the activities of Bank's Executive Bodies:
  • effective cooperation among Bank's shareholders, Council, Executive Body, internal and invited auditors;
  • precise distribution of rights and obligations among employees in accordance with the organizational structure of Bank;
  • regular examination and evaluation of Bank's activities;
  • regular stocktaking;
  • taking collective decisions for risk spheres;
  • presence of reliable information systems;
  • approval and authorization of decisions and transactions (by the officers of correspondent level);
  • elucidation and avoidance of conflict of interests. 
 
 
 
  • For the last twelve months to the members of the Board, Executive Board, Chief accountant of the Bank and affiliated with them parties have been extended loans amounting to AMD 119,175,844.20 and EUR 5,000,000; out of which have been repaid AMD 92,457,507.20; USD 71,869.09 and Euro 394,000.
  • Currently, loans to the members of the Board, Executive Board, Chief accountant of the Bank and affiliated with them parties comprise AMD 204,268,998; USD 11,486 and Euro 5,000,000.

 

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  • Data on loans and other borrowings (inclusive of the repaid) received from the Bank within the last 12 months by significant owner of the Bank and affiliated parties:
In total, disbursed amounts aggregate to USD 122,017.91; out of which have been repaid USD 76,300.34
The amount of extended loans for the time  being totals USD 46,111.
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                                                                                                                                                                  Updated on 14.04.2017, 17:35
 
 

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ARMBUSINESSBANK’s official website:
www.armbusinessbank.am