Fri, 7 November
2.1 C
Yerevan
USD: 382.48 RUB: 4.73 EUR: 440.27 GEL: 141.40 GBP: 500.28

Armenian Card appoints new CEO, company moves into transformation phase

YEREVAN, 5 August. /ARKA/. Vardan Khachatryan has been appointed as the new executive director of Armenian Card (ArCa) national payment system, the company’s website reported.

Khachatryan, who succeeded Ishkhan Mkhitaryan on 11 June, previously served as the company’s risk management director.

Vardan Khachatryan has many years of experience in the financial and banking system of Armenia, including in the Central Bank, as well as advanced training in regulators and leading companies in the USA, Germany, Austria, the Netherlands, Luxembourg, France and other countries.

Hovhannes Khachatryan, Chairman of the Board of Directors of Armenian Card, noted: “ArCa is of crucial strategic importance for Armenia. The company is currently in the transformation phase. I am convinced that with the new strategy and team we will achieve a synergistic effect, making Armenia’s payment system one of the leading in the world.”

ArCa also appointed new Board members: Ruben Sagoyan as Chief Development Officer, Haykanush Hakobyan as Chief Operating Officer, Aghasi Vartanyan as Chief Technical Officer and Ashot Vartanyan as Chief Risk Management Officer.

Armenian Card is a national payment infrastructure that provides cashless payments to 2.5 million customers and over 100,000 businesses. Armenian Card’s ecosystem of partners includes commercial banks and payment organisations in Armenia. -0-

spot_img

POPULAR

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

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.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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.

LATEST NEWS

spot_imgspot_imgspot_img