Mher Abrahamyan appointed Chairman of the Board of IDBank

ArmInfo.By the decision of the IDBank Council, Mher Abrahamyan was appointed to the post of Chairman of the Board. As the Bank's press service told ArmInfo, the  Central Bank of Armenia approved M. Abrahamyan's appointment on  December 19, 2018.

Chairman of the IDBank Council Vardan Dilanyan noted: "Mher  Abrahamyan has 20 years experience in the banking system. He is a  supporter of the principles of the bank's strategic development and  is ready to support the achievement of the goals set. I am confident  that under the leadership of M. Abrahamyan, IDBank with honor and  dignity will overcomes all challenges and successfully implement  strategic and quite ambitious plans."

At the same time, V.Dilanyan informed that Chief Financial Officer  Ruben Melikyan, who held the position of Acting Chief Executive  Officer in the past year and a half was appointed Deputy Chairman of  the Board.

Prior to this appointment, Mher Abrahamyan held the position of head  of the Department for the Regulation of the Financial System at the  Central Bank of Armenia. He has 20 years experience in the financial  sector. M. Abrahamyan graduated from the Armenian State Economic  University, after which he continued his studies at the School of Law  and Diplomacy named after Kh. Fletcher at Tufts University, USA,  qualifying for CFA I and II degree.

To recall, IDBank (until May 31, 2018, called Anelik Bank) has been  operating in the Armenian market since October 1996. The Bank's  shareholders are the Cyprus company FISTOCO LTD with a stake of  59.68% and the Lebanese Bank CreditBank S.A.L - 40.32%. The indirect  majority shareholders are physical persons: Tarek J. Khalefe  (CreditBank S.A.L) and Vardan Dilanyan (FISTOCO LTD).