Կենտրոնական բանկ

THE CENTRAL BANK OF THE REPUBLIC OF ARMENIA
GOVERNOR DECISION

July 28, 2025 No. 1/255 A

Registering the Changes to the Structure of the Managers of “Export Finance” Universal Credit Organization, 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 92 (1) of the Republic of Armenia Law “On Credit Organizations”; and Paragraph 133 and Paragraph 146 and Paragraph 171 of Regulation 13 “Procedures for Licensing, Registration, Granting Consent and Permission, Appraisal of the Professional Adequacy and Qualification in the Credit Organization Activity” as approved under the Republic of Armenia Central Bank Board Resolution No. 194-N, dated July 1, 2008; and
Having examined the letters of request, along with the required documentation and deliverables, which “Export Finance” Universal Credit Organization, a Closed Joint-Stock Company, presented to the Central Bank of the Republic of Armenia on June 6, 2025 and on July 14, 2025,

We decide:

1. Remove Tigran Abovyan from his registered role as Member of the Board of “Export Finance” Universal Credit Organization CJSC.
2. Register Rafik Mashouryan into the role as Member of the Board of “Export Finance” Universal Credit Organization CJSC.
3. Register Rafik Mashouryan into the role as Deputy Executive Director of “Export Finance” Universal Credit Organization CJSC.
4. This decision to enter into force upon being registered with “Export Finance” Universal Credit Organization CJSC or on the day following its delivery, in the prescribed manner, to an authorized representative of “Export Finance” Universal Credit Organization CJSC.

Armen Nurbekyan                                 Deputy Governor,
                                             Central Bank of the Republic of Armenia

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