Registering the Changes to the Structure of the Managers of “ID Bank”, a Closed Joint-Stock Company

2025-06-11

THE CENTRAL BANK OF THE REPUBLIC OF ARMENIA

GOVERNOR DECISION

     June 11, 2025                                                                         No. 1/193 A

 Registering the Changes to the Structure of the Managers of “ID Bank”, a Closed 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 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 “ID Bank”, a Closed Joint-Stock Company, to the Central Bank of the Republic of Armenia on May 8, 2025, May 12, 2025, May 23, 2025, May 30, 2025, June 5, 2025, and on June 6, 2025,

 We decide: 

  1. Remove Tigran Mkhitaryan from his registered role as Member of the Executive Board of “ID Bank” Closed Joint-Stock Company.
  2. Register Vache Varosyan into the role as Member of the Executive Board of “ID Bank” Closed Joint-Stock Company.
  3. This decision to enter into force on the day it is signed.

Martin Galstyan

 

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