ArmInfo.Mher Ananyan, who has many years of experience in the financial and banking sector, has been appointed Chairman of the Board - Executive Director of ARARATBANK.
According to the press service of the bank, in connection with this, on February 10, 2020, at a meeting of shareholders, a decision was made to early terminate the powers of M. Ananyan as a member of the Board of ARARATBANK, after which, by decision of the Council of the bank, he was appointed Chairman of the Board. This decision was sent to the Central Bank for registration.
M. Ananyan has been working in the financial and banking sector since 1991, and since 1998, he has held senior positions in Armagrobank, Armeconombank, and Unibank at different times, and since July 2019 he was elected a member of the Board of ARARATBANK. In addition, M. Ananyan held senior positions in government departments - the government apparatus, the Ministry of Sports and Youth Affairs, and the Arabkir Prefecture. He also worked in the leadership of the Court of Cassation, the Judicial Department of the Republic of Armenia, and from November 2019 to February 2020 he was an adviser to the Prosecutor General on economic and corruption crimes. M. Ananyan has the rank of Councillor of Justice of the 1st class.
To recall, ARARATBANK OJSC has been operating since November 2005. The majority shareholders of ARARATBANK as of October 1, 2019 are- the Flash company, one of the largest oil traders in Armenia with a 72.33% equity stake, Barsegh Beglaryan (a well-known entrepreneur, the head of Flash) - 22.62%, the Rural Impulse Fund II (part of the Belgian Incofin Investment Management - Incofin IM) - 4.29%.