Registering the Changes to the Structure of the Managers of “ACBA Bank”, an Open Joint-Stock Company

2025-06-11

THE CENTRAL BANK OF THE REPUBLIC OF ARMENIA

 GOVERNOR DECISION

 June 11, 2025 No. 1/191 A

 Registering the Changes to the Structure of the Managers of “ACBA Bank”, an Open Joint-Stock Company

 In view of Article 18 (4) (“g1”) of the Republic of Armenia Law “On the Central Bank of the Republic of Armenia”, and Article 33 (2) of the Republic of Armenia Law “On Banks and Banking”, and Paragraph 188, Paragraph 201 (1) and Paragraph 226 of Regulation 1 “Procedures for Licensing, Registration; Granting Consent and Permission; Appraising the Professional Integrity and Qualification in the Field of Banking” as approved under the Republic of Armenia Central Bank Board Resolution No. 145-N, dated April 12, 2005;

Considering the conclusion issued by the Licensing and Supervision Committee of the Central Bank of the Republic of Armenia (Minutes No. 27, dated June 11, 2025); and

Having examined the letters of request, along with the required documentation and deliverables, provided by “Agricultural Cooperative Bank of Armenia–ACBA Bank”, an Open Joint-Stock Company, to the Central Bank of the Republic of Armenia on March 28, 2025, March 31, 2025, April 25, 2025, May 21, 2025, and on May 27, 2025,

           We decide: 

  1. Remove Arthur Matevosyan from his registered role as Head of Internal Monitoring Unit within “ACBA Bank” Open Joint-Stock Company.
  2. Register Armen Melqumyan into the role as Head of Internal Monitoring Unit within “ACBA Bank” Open Joint-Stock Company.
  3. Remove Armen Melqumyan from his registered role responsible for performing a risk management function within “ACBA Bank” Open Joint-Stock Company.
  4. Register Zorayr Sargsyan into the role responsible for performing a risk management function within “ACBA Bank” Open Joint-Stock Company.
  5. This decision to enter into force on the day it is signed.

 

Martin Galstyan

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