ArmInfo. Mher Abrahamyan, Chairman of the Board of IDBank CJSC, was elected as new President of the Union of Banks of Armenia(UBA). As the press service of the UBA told ArmInfo, the new President of the Union of Banks of Armenia took office on October 4, after being elected on October 3 at a meeting of the UBA Council.
Prior to this, since October 2018, Ameriabank's CJSC General Director Artak Hanesyan, occupied this position.
To note, in 2017, by a decision of the UBA Council, a new rotational procedure was approved, according to which from now on, the profile banking public organization will take turns, in alphabetical order of the names of commercial banks, for a period of 1 year, will be headed by the chairmen of the Management Board of each of the 17 commercial banks. The first was Hakob Andreasyan, chief executive officer of ACBA-Credit Agricole Bank, taking office as chairman of the UBA from September 19, 2017. Following IDBank (formerly called Anelik Bank), ARARATBANK and Ardshinbank will figuratein the new UBA list for the next 2 years.
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