Ex-head of Union of Banks of Armenia admitted to Unibank Board

YEREVAN, August 6. /ARKA/. Ex-head of the Union of Banks of Armenia Ararat Ghukasyan became a member of Unibank Board, the bank’s website reported.

Ararat Ghukasyan is admitted to the Board as of August 3, to replace Suren Hayriyan who resigned earlier.

Currently the Unibank Board comprises of Gagik Zakaryan (chairman), Georgy Piskov, Eduard Zamanyan, Hrant Arzumanyan and Ararat Ghukasyan.

Ghukasyan has long-year work experience in the Armenian banking sector and held management positions in Conversebank, HSBC Bank Armenia and Byblos Bank Armenia.

Ghukasyan head the Union of Banks of Armenia in 2009-2011.

Unibank CJSC was established in October 2001 with the authorized capital amounting to $5 million. In 2002, the bank introduced Unistream system. Unibank is a member of NASDAQ OMX stock exchange. Ripatonso Holdings Limited LLC is its sole shareholder. –0—

spot_img

POPULAR

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 21, 2026, increased by 0.75 points compared to July 20, reaching 366.68 drams.

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.

Acba Bank to Support Armenian Exports

To support the development of local producers, promote Armenian exports to various countries worldwide, and enhance the competitiveness of Armenian businesses, Acba Bank is offering the best export factoring terms currently available in Armenia until September 30.

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.

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%.

LATEST NEWS

spot_imgspot_imgspot_img