ArmInfo.Chairman of the Board of ARARATBANK since 2006, left Armenia. At a farewell meeting with reporters, he said that he had received an invitation from a reputable international structure to take a certain position, which he would report later.
For 13 years, while A. Osipyan headed ARARATBANK, he managed to significantly increase the performance of the bank, which was actually at the beginning of the way. So, in 2006-2019, the bank's assets grew 31 fold - from 7.1 billion drams to 218.5 billion drams, the loan portfolio - 53 fold - from 2.5 billion to 131.5 billion, total capital - 9.7 fold - from 3.9 billion to 37.9 billion. By October 1, 2019, it was possible to increase net profit to 17 billion drams. During this period, the branch network from 2 divisions expanded to 59. The number of employees from 70 increased to 940.
The strategic development program of the bank developed by A. Osipyan was supported by a number of international financial organizations and institutional investors. An important circumstance of such support was the high professionalism of the banker, his vision of the development of the country's economy and banking business, which allowed investors to relate to the bank with a high level of trust. Osipyan successfully and competently divided the bank's functions into three main areas: universal, digital and investment banking. In all three aspects of the financial market, the bank achieved high results and took certain strong positions and wide niches in the market. <It is difficult and very painful for me to leave the bank, which gave so many years of professional career and so much strength, but we need to move on. This is probably because I have a desire to go further, to take new heights, to learn new things, because I myself have studied and taught my employees, students all my life, "the banker shared his feelings.
Osipyan started his career in the mid of 1990s at the Ministry of Finance, continued it at the Central Bank, then began the process of taking Armeconombank out of crisis. When he was invited to proclaim ARARATBANK, he was also in a deplorable state, international structures demanded its closure due to a completely deplorable balance. Therefore, Osipyan in the banking community was called the country's best crisis manager.
Today, the "old" bankers joke: "It is interesting, which institutional international banking investor has serious crisis, that Osipyan was invited to work?>.
According to ArmInfo, Ashot Osipyan was invited to work at the European Bank for Reconstruction and Development (EBRD).
As ARRATBANK told ArmInfo, the acting chairman of the bank's board has been appointed the former head of the Armenian Development Bank, Osipyan's Deputy Karen Sargsyan.