YEREVAN, November 1. /ARКА/. Ashot Osipyan, Chairman of the Board of Araratbank OJSC, has resigned, the bank’s press service reported. It said Osipyan will be working for an international financial organization. Osipyan has been replaced by Deputy Board Chairman Karen Sargsyan.

Araratbank provides the latest and highest quality banking services to both individuals and legal entities by using the latest technologies. It has created a special business culture in the bank-client relationship.

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Armenia’s banking sector has passed the test to destruction with flying colors and has proven to be stable, Ashot Osipyan, chairman of Araratbank’s board, said Friday at the discussion organized by the Club of Economic Journalists

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