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

2025-07-09

THE CENTRAL BANK OF THE REPUBLIC OF ARMENIA

 GOVERNOR DECISION 

     July 9, 2025  No. 1/235 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 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. 31, dated July 9, 2025); and

Having examined the letters of request, along with the required documentation and deliverables, which “Agricultural Cooperative Bank of Armenia–ACBA Bank”, an Open Joint-Stock Company, submitted to the Central Bank of the Republic of Armenia on June 6, 2025 and on June 20, 2025,

 We decide: 

  1. Remove Henrik Qochinyan from his registered role as Member of the Board of “ACBA Bank” Open Joint-Stock Company.
  2. Remove Klaus Gressenbauer from his registered role as Member of the Board of “ACBA Bank” Open Joint-Stock Company.
  3. Register Sona Ishkhanyan into the role as Member of the Board of “ACBA Bank” Open Joint-Stock Company.
  4. This decision to enter into force on the day it is signed.

                                        

Martin Galstyan

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