Our management
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Mher Ananyan
CEO and Chairman of the Executive Board
Born on November 10, 1968, Yerevan
1985-1992: Graduate of National Agricultural Academy
2005-2008: Graduate of Eurasia International University
August 1991 – January 1992: Economist in the Finance Development Analysis Department of ArmPetarBank
1992-1994: Economist in the Credit Division of Arabkir branch of Armeconombank
1994-1995: Marketing Deputy Director in the Armenia branch of Asatryan & Dufour American Organization
1995-1996: Senior economist in the Division of Organization of Pledging Activities and Sale in Armagrobank Lending Department
1996-1997: Deputy Manager in Shahumyan branch of Armeconombank
1997-1998: Head of Civil Department of Armeconombank
1998-1999: Soviet branch manager of Armeconombank
1999-2000: Head of Department of Lending from Internal Funds under the Department of Borrowing Transactions in ArmAgrobank
April-August 2002: Deputy CEO in Unibank CJSC
August 2002 – February 2003: Kentron branch manager in Unibank CJSC
2003: Founder of AM&GA Group LLC.
February-August 2005: Head of Tax Revenue Accounting and Charging Division of Arabkir Municipality
2005-2006: Head of Budget Division of the Secretariat of the Council of Courts’ Chairmen of the Court of Cassation of the Republic of Armenia
2006 – 2013: Head of Financial-Budgetary Department of the Judicial Department of the Republic of Armenia.
2013-2015: Head of Staff of the Ministry of Sport and Youth Affairs of the Republic of Armenia
2015-2017: Head of the Procurement Support Center SNCO of the RA Government Staff
2017-2019: Member of the Board of Appeals of the Republic of Armenia
July 19, 2019 – February 10, 2020: Member of the Board of Directors of ARARATBANK OJSC
November 2019 - February 2020: Advisor to the Prosecutor General on combating economic crimes and corruption
February 24, 2020: CEO and Chairman of the Executive Board of ARARATBANK OJSC
Mher Ananyan is a Judicial Service First Class Adviser
Marital status: married, four daughters
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Karen Sargsyan
First Deputy CEO
Born on April 06, 1968 in Yerevan, Armenia.
1991: Graduate of Yerevan Institute of National Economy
1991-1993: Tira Commercial Enterprise.
1994-1998: Post-graduate of the Institute of National Economy, Finance and Loans Department.
1994-2004: Ardshinbank OJSC, Head of the Division, Head of the Department thereafter.
2004-2006: Deputy Minister of the RA Trade and Economic Development.
February 2006 – December 2016: Chairman of the Executive Board of the Armenian Development Bank OJSC.
24 February 2017: Deputy CEO of ARARATBANK OJSC.November 1, 2019 – February 23, 2020: Acting CEO of ARARATBANK OJSC
February 24, 2020 to present: First Deputy CEO of ARARATBANK OJSC
Marital status: married, two children․
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Bagrat Tshzmachyan
Deputy CEO
Born on October 07, 1966 in Yerevan, Armenia.
1984-1991: Graduate of Yerevan Institute of National Economy, Finance and Loans Department.
1985-1987: Joined Soviet Army.
1983-1986: Table tennis coach.
1987-1991: Sports coach.
1991-1992: RA Ministry of Food Industry, Head of the Brokerage Services in Commercial Center.
1992-1994: Armenian State Commercial Bank, senior economist in FX Operations Department.
1994-1996: Armeconombank, Deputy Head of Foreign Currency and Securities Transactions Department, Head of International Operations Division.
1996-1997: Armeconombank, Head of Foreign Currency and Securities Transactions Department.
1997: Ardshinbank CJSC, Head of Division of Stock Exchange Transactions under Fund Department.
1998: Ardshinbank CJSC, Head of Foreign Currency and Securities Transactions Division.
1998-1999: Ardshinbank CJSC, Deputy Head of Department of Fund Operations
1999: Armagrobank OJSC Central Office, Coordinator of the operations executed on the financial market.
2000: Armagrobank OJSC, Head of the Department of Resource Management and Bank Operations.
2000-2001: Armagrobank OJSC, Director, Head of the Department of Bank Operations and Cash Flows Management
2001-2002: Armagrobank OJSC, CEO and Chairman of the Executive Board
2002-2010: Anelik Bank CJSC, Deputy CEO
2010-2013: Anelik Bank CJSC, First Deputy CEO
Marital status: married -
Mher Grigoryan
Deputy CEO
Born on 11 June 1981
Education
2021 | Master of Business Administration (MBA) | American University of Armenia
2004-2006 | Master’s degree in Finance and Credit | Artsakh State University
1998-2002 | Bachelor’s degree in General Economics | Artsakh State UniversityQualification
2025 | Oxford Strategic Management Executive Programme | University of Oxford
2024 | Certified Expert in Risk Management, Corporate Governance & Compliance | Frankfurt School of Finance & ManagementWork Activity
2021 - to date | Deputy CEO | ARARATBANK OJSC
2020 - to date | Executive Board member | ARARATBANK OJSC
2018-2021 | Head of the Risk Management Department | ARARATBANK OJSC
2014-2018 | Head of the Strategy and Methodology Department | ARARATBANK OJSC
2008-2014 | Branch manager | ARARATBANK OJSC
2007-2008 | Branch manager | Ardshininvestbank CJSC
2006-2007 | Chief Executive Officer | Justi Insurance Company CJSC
2005-2006 | Chief accountant | Justi Insurance Company CJSC
2004-2005 | Credit officer | Ardshininvestbank CJSC
1998-2002 | Leading specialist | National Seismic Protection Service of ArmeniaMilitary Service
2002-2004 | First sergeant
Teaching Experience
2012 - 2020 | Trainer | American University of Armenia, Continuing Education Program
Languages
Armenian, English, Russian
Marital Status
Married, has two sons
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Anahit Vardanyan
Chief Accountant
Born on February 27, 1986, in Ashtarak, Armenia
2007: Graduate of Armenian State University of Economics, Chair of Financial Accounting, Accounting and Audit Department
October 2008: Specialist in Reporting and Analysis Division, Accounting Department of AraratBank OJSC
2010: Leading Specialist in Reporting and Analysis Division, Accounting Department of AraratBank OJSC
2012-2014: Head of Regional and Structural Subdivisions Accounting Service Division, Accounting Department of AraratBank OJSC
2014 - May 2023: Head of Reporting and Analyses Division, Accounting Department of AraratBank OJSC
May 2023: Acting Chief Accountant, AraratBank OJSC
Member of Chamber of Auditors and Expert Accountants of the Republic of Armenia
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Zaruhi Melkonyan
Head of the International Operations Department
Born on November 13, 1968 in Yerevan, Armenia.
2006 to present: Head of the International Operations Department, ARARATBANK OJSC.2004-2007: Chief Accountant at Alfa-Food Service LLC, Surb Nerses Mets Medical Centre, Yerevan-Broker LLC.
1998-2004: Chief specialist of foreign currency operations at Credit-Yerevan Bank OJSC.
1992-1998: Chief specialist of the International Transactions Department at Ardshinbank OJSC.
1998: Graduate of the Yerevan State Institute of Economics, Faculty of Finance and Credit.
1992-1996: Postgraduate at the Institute of Informatics and Automation Problems adjacent to the National Academy of Sciences of the Republic of Armenia.
1990: Graduate of the Yerevan State University, Faculty of Chemistry.
Marital status: married, two children. -
Karen Hakobyan
Head of the Legal Department
Born on August 04, 1984 in Yerevan, Armenia.
2006: Graduate of the Law Faculty of the French University Foundation in Armenia.
March-June 2006, June 2008-December 2010: Legal Department of the Central Bank of Armenia.December 2010 – October 2011: Advisor to the CEO of AraratBank OJSC.
October 2011 to present: Head of the Legal Department of ARARATBANK OJSC.
March 2015 to present: Executive Board member of ARARATBANK OJSC.
Marital status: married.
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Page updated 02.09.2025 | 15:57
In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.