Wed, 10 December
4.1 C
Yerevan
USD: 381.82 RUB: 4.92 EUR: 444.21 GEL: 141.60 GBP: 508.28

Nerses Karamanukyan appointed Anelik Bank board chairman

YEREVAN, September 17. / ARKA /. Nerses Karamanukyan was appointed today Anelik Bank board chairman. The decision was made at the bank’s board meeting. Anelik Bank is owned fully by Lebanese CreditBank, one of the fastest growing Lebanese banks that received the prestigious awards for “BEST FINANCIAL GROWTH” and “FASTEST GROWTH” in 2010 and 2011 from Lebanon Opportunities.

The bank said these achievements are the result of the bank’s correct strategy, hard team work and increasing customer confidence in the bank.

“As a former Board member being well aware of how Anelik Bank works, I believe that we can work together to replicate CreditBank’s progress at Anelik Bank,’ Karamanukyan was quoted as saying in a press release.

Nerses Karamanukyan worked for many years as chief of financial and economic affairs of the Holy See of Echmiadzin , then as head of the International Finance Corporation office in Armenia. In 2009-2011 he served as chairman of Ardshininvestbank board. Then he worked as director of Lydian International in the Caucasus, and before receiving an invitation from Anelik Bank he worked as an adviser for the Asian Development Bank on Armenia’s private sector.

Previous chairman of board of Anelik Bank, Samvel Chzmachyan, resigned on September 2 after being elected president of the Union of Banks of Armenia. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Euro exchange rate rose against the Armenian dram, while the dollar and ruble fell

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of December 3, 2025, decreased by 0.04 points compared to December 2, to 381.2 drams.

LATEST NEWS

spot_imgspot_imgspot_img