Armenian President Serzh Sargsyan awarded Chairman of Board of Anelik Bank CJSC Samvel Chzmachian with Anania Shirakatsi Medal for his contribution to the country’s economic development.

According to the bank’s press service, Mr. Chzmachian who has vast experience in the banking sector, has greatly contributed to the formation of the system of independent Armenia.

He has been Chairman of Board of Anelik Bank CJSC for about 18 years, having established banks in Armenia and Moscow for 40-year professional experience. Mr. Chzmachian also headed Union of Banks of Armenia.

“Anelik” money transfer system for physical persons currently operates in over 90 countries.