Ararat Ghukasian elected president of union of Armenian banks

YEREVAN, November 5, /ARKA/. Ararat Ghukasian was elected unanimously president of the Union of Armenian Banks, the Central Bank of Armenia said in a statement.

It said he was elected at the extraordinary meeting of the Union on November 4. Ararat Ghukasian has replaced Emile Soghomonian, board chairman of Prometey Bank who held the position since 2007 August.

Before August 2009 Ararat Ghukasian served as chairman of board of Converse Bank. The Union of Armenian Banks was established in 1995 to protect the interests of Armenian banks. Presently all 22 Armenian commercial banks are its members.  -0-

spot_img

POPULAR

Converse Bank Named Armenia’s Best Digital Bank for Consumers by Euromoney

Converse Bank has been named Armenia’s Best Digital Bank for Consumers by the internationally renowned financial publication Euromoney

Euro, dollar, and ruble exchange rates against the Armenian dram have fallen: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of July 23, 2026, fell by 0.94 points compared to July 22, to 365.95 drams.

Armenian banks increased net profit to 219.7 billion drams in the first half of the year

The combined net profit (after tax) of Armenian banks in the first half of 2026 amounted to 219.72 billion drams, compared to 200.7 billion drams in the same period of 2025, an increase of 9.48%.

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May — World Bank

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May 2026 compared to the same period last year, according to the World Bank's Armenia Monthly Economic Update – July 2026.

Yerevan’s budget revenues for January-June exceeded the target by 10.3%

As of June 30, 2026, Yerevan's budget revenues amounted to 49.2 billion drams, compared to the planned 44.6 billion drams for January-June, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

LATEST NEWS

spot_imgspot_imgspot_img