Change in the Bank's Council

 Following  the shareholder structure change of “ID Bank” CJSC  conducted on February 14, 2024, a change has been made to the members  of the Council of "ID Bank" CJSC.

The new composition of the Bank's Council is as follows:

Artur Javadyan. Mr. Javadyan held various senior positions in “Yerevan” Bank during 1989-1991, and during 1997-2000 - at “ArmInvestBank”. During 1997-2020, he held the positions of Chairman of the Council of the Central Bank of the RA, Advisor to the Chairman of the Central Bank, Deputy Chairman of the Central Bank, and Chairman of the Central Bank. During 2008-2020, he was the chairman of the Central Bank of Armenia, chairman of the board of UCO “National Mortgage Company”; UCO “Apartment for Youth”; credit bureau "ACRA"; "ArCa" systems; CJSC “ArmIncasation”; as well as a board member at the Armenian Stock Exchange. From 2020 is an ambassador-at-large of the Republic of Armenia.

Karen Margaryan. Mr. Margaryan is a Doctor of Economics and Candidate of Technical Sciences with 37 years of experience in managerial/leadership positions. Currently, he is the Director of the Institute of Media, Advertising and Film Producing at the Russian-Armenian University in Yerevan. Since 2016, he has been a member of the Board of “ID Bank” CJSC. Since 2022, he has been the founder and executive director of GFN.AM. He holds scientific titles and is the author of more than fifty scientific works on economics and management. Karen Margaryan is also known as the author of more than ten fiction novels.

Fernando Castiñeiras. Mr. Castiñeiras joined Arthur Andersen in Madrid in 1990, having acquired two years of experience as a money market broker. From 1996 to 2002, he embarked on a four-year international experience program, along with his  work in the Global Investment Banking Group in London. In 2002, Fernando co-founded Management Solutions (MS), an international consulting firm. Since 2016, he is the founder, chairman, and CEO of Athos Capital, SGEIC, S.A.

Elena Khachvankyan is a finance and management professional with a robust academic and practical background. Currently, she holds the position of Consultant with several International Financial institutions, specializing in public finance and public administration. Her expertise lies in strategic planning, large-scale infrastructure projects, assessing fiscal risks, and development finance. Her background includes strategic roles in business advisory, SME strategy development, and financial management within Vallex Group of Companies․ Furthermore, Elena has completed ecoDa’s European Board Diploma, which has equipped her with state-of-the-art knowledge in corporate governance practices.

Andreas Blasé. Mr. Blasé brings 15 years of diverse experience in private equity, investment banking, technology, retail, automotive, and management consulting. His expertise spans direct investments, portfolio management, digital transformation, and operational leadership. Since January 2024, he has been working as Operating Partner at AURELIUS Wachstumskapital (Germany). Prior to this, he held pivotal positions at CECONOMY AG, and served as a director of M&A and Strategy at Federal-Mogul Holdings Corporation (USA).

At the same time, Mr. Vartan Dilanyan, Mr. Avet Mirakyan and Mr. Alexey Komar left the Council of "ID Bank" CJSC.