Armenian President visits Teghut copper and molybdenum mine

Armenian PM: Support of business will be a top priority for us

Well-known French filmmaker Robert Gedikian shoots film about Armenian Genocide

Newspaper: Armenian Government to shortly ease tax burden on SMEs

Newspaper: Prime Minister Hovik Abrahamyan will shortly urge officials and parliamentarians to refuse from salary increase

David Haroutiunyan appointed as Government Chief of Staff

VTB Bank (Armenia) increases corporative crediting almost by 40% in 2013

VTB Bank (Armenia) is the leader on credit portfolio in the banking sector of Armenia

VTB Bank (Armenia) increases car loan portfolio by over 70% due to retail lending facilitation

VTB Bank (Armenia) and MasterCard launch a new card campaign

VTB Bank (Armenia) among top 3 Armenian banks in terms of retail business

"I'm Against" civic initiative refuses to start negotiations with Prime Minister

Hovik Abrahamyan promises to present an acceptable solution to the pension problem before late July

Armenia not to sign agreement to access Customs Union in 29 April in Minsk

European parliamentarian sees no obstacles to signing the political component of the Association Agreement with Armenia

European Parliament condemns attack against Kessab

Areximbank-Gazprombank Group offers discounts and free of charge cards ahead of holiday season

Republican Party of Armenia to be the only party in power in Armenia

Beeline and SPB TV launch IPTV in Armenia

VTB Bank (Armenia) launches deposit action

Expert: Democratic Nagorno-Karabakh will never become part of Sultan- ruled Azerbaijan

Upgraded offices of VTB bank (Armenia) in Gegarkunik region start working in a new format

Hovik Abrahamyan: Government of Armenia intends to form a favorable tax system for development of small and medium enterprises

On Apr 29 Armenia to sign agreement on joining Customs Union

Environmentalists launch campaign to save Lake Sevan

Political expert: "Orinats Yerkir" party will soon join the "four"

Member of the parliament: RPA may alone take responsibility

ARFD not to join ruling coalition

David Babayan: Elmar Mammadyarov's last statement about Azerbaijan's readiness to grant Nagorno-Karabakh autonomy was absurd

Press-secretary: Prosperous Armenia Party will go on watching further actions by the Orinats Yerkir Party (Law Governed Country Party)

Political expert: The statement by US ambassador to Azerbaijan is a result of Armenia's voting on the Crimea

ArmenTel's subscribers to shortly enjoy IP television

Vahe Hakobyan: Investments must create jobs

Politician: "Republican Party of Armenia deporting Armenians from their motherland"

In corporate strategy for 2014 Araratbank gives special priority to activities of businesswomen

Rostelecom provides a number of educational establishments in Abovyan with free superhigh- speed Internet services starting from March 1

Areximbank-Gazprombank Group to provide customers with free non-chip MasterCards under a campaign for motorists

MasterCard holders among VTB Group's Armenian customers can withdraw cash from VTB Group's ATM network at the same tariffs as at VTB Bank (Armenia)


Vice-Speaker of Israeli Knesset to Deliver in Tbilisi Lecture on Israeli-Arabic Relations

German Chancellor Invites Garibashvili to Visit her Country

Georgian Foreign Minister to Visit Germany

Georgian Foreign Minister Attends International Conference in Vilnius

President to Have Exclusive Right to Grant Georgian Citizenship

NATO Week in Georgia Starts Today

Discussion of the Azerbaijani-Iranian relations on Culture and Tourism

Chief of General Staff of the RF to visit Baku

Ilham Aliyev will visit NAR

Georgian Premier Starts his Regional Tour

Georgian President to Hold Talks in Poland

Georgian Prime Minister Meets with EU Special Adviser

Erdogan is arriving in Baku

Simplification of the visa regime between the EU and Azerbaijan may occur in the summer

U.S. Embassy: Any allegations that US government representatives are trying to foment a revolution in Azerbaijan are absolutely absurd

Foreign Minister of Afghanistan to Pay Official Visit to Georgia

Georgian Foreign Ministry Makes Strict Statement, Concerning Referendum in the Crimea

President Margvelashvili Meets Georgian Troops, Deployed in Afghanistan

Georgian Premier and Afghan Foreign Minister Discuss Two Countries' Relations

Georgian Premier Holds Official Dinner in Honor of Romanian Prime Minister

Analyst: The USA invested $5 billion to directly support Maidan

Georgian Ambassador to Japan Hands over Credentials to His Imperial Majesty Emperor Akihito of Japan.

Tbilisi Hosts Annual PDP Conference

NATO May Accelerate Georgia's Integration and Grant it MAP because of the Crimea Problem

Georgian Ambassador to Lithuania Addresses Seimas

Iranian Deputy Foreign Minister in Baku

Gerhard Schroeder will make a speech in Baku

Putin is unable to persuade the leader of the Crimean Tatars

Georgian Defence Minister Attends NATO Defence Ministerial

Saakashvili is Offered High Post in Kiev


Vahe Hakobyan: Investments must create jobs

Sergey Markedonov: People living in Crimea and Karabakh saw no future for the countries they were attached to

Vahram Avanesyan: It is impossible to achieve serious results by means of standard and framework reforms

Wayne Merry: Situation around Ukraine is a serious alarm that the South Caucasus political nucleus must be seriously revised

Dariusz Prasek: EBRD demands absolute transparency from companies

Sargis Hatspanyan: When it comes to the change of regime in Armenia, the West washes hands of it

Andrey Yepivantsev: Only time may show if we have opened Pandora's box in the Crimea or not

Giorgi Tarkhan-Mouravi: Confrontation around the Crimea will speed up Ukraine's European integration

Ivan Kukhta: Ukraine has received a chance to be totally reset

Vaidotas Verba: Eastern Partnership project is not directed against anybody, it is simply for open opportunities

Vladimir Yevseev: The only way out of the situation in Ukraine for the West is through negotiations with Russia

Edward Sharmazanov: The principle of peoples’ right to self-determination tends to dominate in the world

Gevorg Poghosyan: Armenia is on an explosive-timing device and may explode at any moment

Sergey Grinyayev: Armenia has just to realize its status of an essential partner for Russia

Grigory Tishchenko: Strengthening of Russia’s positions in the South Caucasus will contribute to peaceful settlement of the Nagorno-Karabakh conflict

Artak Shakaryan: Armenia and Diaspora should be ready for Turkey’s imitative policy in the matter of Armenian Genocide recognition

Hovhannes Igityan: Only reason why they 'invited' Armenia into the Customs Union was to show Europe who wears the pants in the post-Soviet area

Ruben Vardanyan: Rotation of Ameriabank's Board of Directors is part of a new business culture

  • by Emmanuil Mkrtchyan

  • Friday, January 24, 16:04

Rotation of Ameriabank's Board of Directors is part of a new business culture and the resignation of Ruben Vardanyan, Russian businessman, from the post of the Chairman of Ameriabank's Board of Directors should be considered in the light of this very policy.  Now, Vardanyan is a member of the Board of Directors at Ameriabank. Talking to the local Shant TV, the founder and the head of IDeA Foundation Ruben Vardanyan said the issue must not be personified, as the bank has become rather a serious institutional structure. 

At the same time, Vardanyan said, he is proud of this project (establishment of the bank - ed.) and his colleagues, including Director General of Ameria Group Andrey Mkrtchyan, who replaced him on the post of Chairman of the Board of Directors, who managed to develop consulting business in the country in line with international standards despite unfavorable conditions in the country and continued to successfully provide services to leading companies in the world. Vardanyan said many banks in Armenia represent international bank groups and holdings and the fact that Ameriabank has managed to take leadership positions by many key figures in the banking system over the 5 years since its foundation shows that "sometimes we underestimate our potential." "I was an investor who helped establishing the bank. And it was important to have a guarantor in my person to head that project," the investment banker said. Now when the bank has become institutional, it no longer needs such guarantor, he said.  He recalled that the Board of Directors comprises highly-qualified professionals known to the world financial society: Robert fon Rekowski from Fidelity Investments, Nubar Afeyan - managing partner of Flagship Ventures, Gor Nahapetyan - Managing Director of Sberbank CIB. 

Speaking of personal plans, Vardanyan recalled that he was an investment banker at the age of 22 and headed Troika Dialog that later became part of Sberbank. "Over the last 2-3 years I have been working at Sberbank as Advisor to Chairman of the Board Herman Gref. However, I plan to more actively engage in some areas, particularly in charitable projects for Armenia and in the education field. I have rather a big package of projects to implement. I think it is very important to be consistent and to finish what you have started and promised to do. I am still working at the Board of Directors of Ameriabank, I have joined the IFC Board, which is very pleasant and prestigious. I work at the boards of directors at Rosgosstrakh, Sibur, and an American company. I keep investing in various companies and have rather a big investment portfolio at KAMAZ.  I am implementing projects in the real estate sector together with my colleague Gagik Adibekyan. I have many business and public projects. I am a member of the Board of Directors at a number of business schools in Brazil, Japan and China. I have many ideas and plans to work with very interesting businessmen, people that are determined to change our environment and make it more positive, more successful, to give people confidence in their future," Ruben Vardanyan said.

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