Ashot Osipyan resigns as board chairman of Araratbank

YEREVAN, November 1. /ARКА/. Ashot Osipyan, Chairman of the Board of Araratbank OJSC, has resigned, the bank’s press service reported. It said Osipyan will be working for an international financial organization. Osipyan has been replaced by Deputy Board Chairman Karen Sargsyan.

Araratbank provides the latest and highest quality banking services to both individuals and legal entities by using the latest technologies. It has created a special business culture in the bank-client relationship.

Araratbank has 61 branches throughout the country. It is an active participant in the real sector of the Armenian economy, lending to small and medium-sized businesses. The bank cooperates with 14 international financial organizations. -0-

spot_img

POPULAR

From Dream to Reality: IDBank’s Special Mortgage Terms at TOON EXPO.Invest 2026

True to its commitment to offering flexible and modern financial solutions, IDBank participates in TOON EXPO.Invest 2026 Vol. 2 with special mortgage offers.

Euro exchange rate against the Armenian dram continues to decline; dollar rises – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market, rose by 0.03 drams on November 12, 2026, compared to November 11, reaching 360.51 drams.

Capital of Armenian Credit Organizations Grows by 4.35% to 474.09 Billion Drams Over 9 Months

As of September 30, 2026, the aggregate capital of credit organizations in Armenia reached 474.09 billion drams, marking an increase of 1.49% for the third quarter and 4.35% since the beginning of the year.

Euro and US dollar exchange rates rise against the Armenian dram; ruble falls – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, as recorded in Armenia’s foreign exchange market on November 9, 2026, increased by 0.09 points compared to November 6, reaching 360.34 drams.

Central Bank of Armenia should be prepared to adjust the key policy rate as needed – IMF

The Central Bank of Armenia (CBA) should continue to monitor economic developments and inflation expectations, and remain prepared to adjust its key policy rate as necessary.

LATEST NEWS

spot_imgspot_imgspot_img