Aram Kayfajyan appointed as Inecobank Board MemberSeptember 15, 2020 - 18:11 AMT PanARMENIAN.Net - Inecobank CJSC announced on Tuesday, September 15 the appointment of Aram Kayfajyan as an Independent Member of the Supervisory Board. Kayfajyan has been the Chief Executive Officer of Armenbrok OJSC since July 2004. Under his leadership, the company’s shareholders’ equity has increased 40 times, while assets have grown 20-fold. Since 2010, he has been been teaching at the Russian-Armenian (Slavonic) State University. Kayfajyan has also been serving as a Board member of Ani Holding international manufacturing and hotel management group since 2015. He became a founding shareholder and a Board member of Glocal Asset Management in 2017, a position he has held ever since. Avetis Baloyan, Chairman of Inecobank Supervisory Board said in his speech: “We are delighted to welcome Aram Kayfajyan to Inecobank. He brings a wealth of experience in capital markets and a deep knowledge of the financial sector of Armenia and the banking system․ His presence in the Supervisory Board will contribute to the sustainable development of Inecobank”. Kayfajyan said: “Inecobank’s development over the past years has been very impressive. Today, with the diverse challenges facing the Armenian banking institutions, it is clear that the bank’s senior management team is determined to continue taking all the steps necessary and further bolster Inecobank’s leading position in the market. I am honored and excited to have this opportunity to serve as a member of the Supervisory Board and join efforts with what I consider one of the most professional teams in the industry. I will be happy to contribute all my skills and expertise for the benefit of the bank’s future”․ Kayfajyan will become the 3rd independent member in a seven-strong supervisory board of Inecobank, with the other 4 seats occupied by the founders and investors of the bank. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |