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Ethnic Armenian elected Russian bank board chairman

11.06.2015 14:25

Ethnic Armenian elected Russian bank board chairman

YEREVAN, June 10. /ARKA/. The board of directors of a Russian Gazenergobank has decided to elect ethnic Armenian David Hambardzumyan as board chairman, Banki.ru said citing sources close to the bank.

David Hambardzumyan headed the corporate unit of the bank and since the summer of 2013 he was head of the medium-sized corporate business department at Life Group. The decision on the appointment of David Hambardzumyan to the post of board chairman of Gazenergobank had been made by Life Group in April.

Gazenergobank is a relatively small by size of assets regional bank headquartered in the Russian city of Kaluga. It is a subsidiary of Probusinessbank, which is the main shareholder of Life Group. The bank is an important player in the Kaluga market of banking services.

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