Ex-speaker of Armenian parliament elected to board of directors of Russian bank

YEREVAN, July 7. / ARKA /. Ex-speaker of the Armenian parliament, former secretary of the National Security Council, Arthur Baghdasaryan, who is also chairman of parliament-represented Orinats Yerkir (Country of Law) party, was elected as a member of the board of directors of MTS Bank, one of the largest Russian banks.

Baghdasaryan was elected at a general meeting of the bank’s shareholders on June 29. The board is composed of ten members.

MTS Bank (Moscow Bank for Reconstruction and Development) is a large universal bank in Russia, a subsidiary of OAO AFK Sistema. The bank’s operations are in Moscow and the Moscow region.

Arthur Baghdasaryan served as chairman of the National Assembly of Armenia from 2003 to 2006. In 2008 -2014 he was Secretary of the National Security Council.-0-

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad increased approximately 2.3-fold in the first half of the year

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.38 billion in January-June 2026, compared to $587.6 million in January-June 2025, according to a report from the Central Bank of the Republic.

Moody’s affirms Converse Bank’s ratings and changes outlook to positive from stable

Moody's Ratings has affirmed Converse Bank's long-term deposit ratings at Ba3 and changed the outlook to positive from stable.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 27–31)

Armenia's financial agenda last week was determined by banking sector data, rating decisions, inflation and public debt forecasts, exchange rate dynamics, personnel changes at Byblos Bank Armenia, and expert assessments of the possible impact of restrictions on goods supplies to Russia.

4.5% Inflation Recorded in Armenia in July

Twelve-month inflation in the Armenian consumer market in July of this year was 4.5%, according to a report from the Statistical Committee.

Moody’s Upgrades Unibank’s Rating Outlook to Positive and Affirms B1 Long-Term Deposit Ratings

Moody’s Ratings has affirmed Unibank’s long-term deposit ratings at B1, as well as its b2 BCA and Adjusted BCA.

LATEST NEWS

spot_imgspot_imgspot_img