YEREVAN, October 3. / ARKA /. Mher Grigoryan was appointed October 3 as new chief executive officer of Ardshininvestbank.

Earlier he served as deputy chief executive director of Russian-owned Bank VTB (Armenia). Ardshininvestbank told ARKA that when introducing Mr. Grigoryan to the bank the chairman of the Board of Ardshininvestbank, Karen Safarian, described him as an experienced expert in the Armenian banking system who will continue the bank’s traditions.

For its part, Grigoryan said he appreciated high the proposal and believes that he is faced by a pretty ambitious goal.

"The ambitious task is to make Ardshininvestbank more powerful and competitive, while continuing to implement new programs aimed at the development of retail and corporate business," he said.

Mher Grigoryan was born in 1972. He has a university degree in law. He has been working in the banking system since 1996. His record includes: the Central Bank of Armenia, Armimpexbank, HSBC Bank Armenia. In 2006-2007 he served as executive director of Inecobank. In 2002-2006 he worked concurrently as an advisor to World Bank Yerevan Office. From 2007 until the new appointment he was deputy CEO of Bank VTB (Armenia) and a member of its directorate.

Equipped with modern technology Ardshininvestbank provides high-quality banking services. It has 49 branches in Armenia, 6 in the Nagorno-Karabakh and an office in Paris, France. In 2008 the bank was awarded the International Quality Management System Certificate ISO 9001: 2000. -0-