Karen Safaryan (born in 1963) has been Chairman of the Board of Directors since 2003. Mr. Safaryan also serves as the President of RASCO LLC and the Chairman of the Supervisory Board of Directors of International Business Center JV CJSC. Prior to joining the Bank, he was the Chairman of the Board of Directors and the General Director of Rosaviaspetskomplekt CJSC from 1999 to 2002 and from 1997 to 1999. Mr. Safaryan was also the General Director of Transit CJSC from 1995 to 1997. He graduated from the Azerbaijan Polytechnic Institute in 1985.
Abel Aganbegyan (born in 1932) has been a member of the Board of Directors since 2009. Mr. Aganbegyan is currently the Head of the Department for Economic Theory and Policy of the Academy of National Economy, and served there as the Rector from 1989 to 2002. Mr. Aganbegyan graduated from the Moscow State University of Economics in 1955.
Aram Andreasyan (born in 1955) has been a member of the Board of Directors since 2009 and previously from 2005 to 2006. Mr. Andreasyan also serves as a member of the Board of Directors of International Business Center JV CJSC. He served on the Bank’s Management Board as the Chairman from 2003 to 2009, and as the Acting Deputy Chairman, Deputy Chairman, Acting Chairman and Chairman from 1994 to 1998. Mr. Andreasyan served as the Head of Division and the Advisor of the Presidential Administration of the Republic of Armenia from 1998 to 2003. From 1992 to 1994, he was the Head of the State Tax Inspection of Hrazdan region, and from 1980 to 1992 Mr. Andreasyan served as the Economist, Head of Planning Subdivision, Head of Financial Subdivision and Deputy General Manager of Hrazdan-Mash. He graduated from the Yerevan State Institute of National Economy in 1979.
Gagerin Tosunyan (born in 1955) has been a member of the Board of Directors since 2009. Mr. Tosunyan currently serves as the President of the Association of Russian Banks. From 2000 to 2002, he worked at the Academy of National Economy under the Government of the Russian Federation and the State and Law Institute of the Russian Academy of Sciences. Mr. Tosunyan was an Advisor to the Prime Minister of Russia on financial and credit issues. In 1998, he served as a Member of the Commission of the Russian Government on the issues of economic reforms and was a Member of the Management Board of the Agency of Credit Organisation Restructuring OJSC. Mr. Tosunyan graduated from the Moscow State University named after M.V. Lomonosov in 1977.
Grigori Babadzhanyan (born in 1978) joined the Board of Directors in 2015 and since 2015 and currently is Head of retail business development at Leto Bank. Mr. Babadzhanyan worked at Alfa-Bank JSC, one of the largest banks in the Russian Federation, since 2010 to 2015 and served there as Deputy Director of Retail Business, Segment Director. From 2007 to 2010, he worked at VTB24 Bank as the Head of CRM and Research. Mr. Babadzhanyan graduated from Moscow Aviation Institute in 2000 and obtained a PhD in Economics and Management of Industry from there in 2004.
Vache Gabrielyan was born in 1968, Member of the Board of ‘‘Ardshinbank’’ CJSC since 12.06.2019.
In 1985, entered the Yerevan State University, Faculty of Economic Cybernetics, from which he graduated in 1990.
In 1992, entered the Rutgers University, New Jersey, USA, Department of Public Administration, from which he graduated in 1998.
From 1990 to 1992, worked as an expert in the Standing Committee on Financial-Credit and Budgetary Affairs of the Supreme Council of RA.
From 1994 to 1998, lectured at the Departments of Public Administration and Political Science of Rutgers University and was the Deputy Director of the National Center for Public Productivity at the same university.
Since 1998, has been lecturing at the YSU, Faculty of Economics and at the American University, Department of Political Science.
From 1998 to 1999, worked as the Advisor to the Chairman of the Central Bank of RA.
From 1999 to 2008, worked as the Member of the Board of the Central Bank.
From July 2, 2008 to December 17, 2010, worked as the Deputy Chairman of the Central Bank of RA.
From December 17, 2010 to May 7, 2013, worked as the Minister of Finance of RA.
From May 8, 2013, worked as the Chief of the Government Staff of RA.
On July 15, 2013, was appointed as the Minister-Chief of the Government Staff of RA after being dismissed from the post of the Chief of the Government Staff of RA.
On April 3, 2014, was relieved of his post due to the resignation of the Government of RA and until April 18, he was the acting Minister-Chief of the Government Staff of RA.
From April 18, 2014 to November 28, 2014, worked as the Chief Adviser to the Prime Minister of RA.
From November 28, 2014 to May 12, 2018, worked as the Minister of International Economic Integration and Reforms, the Deputy Prime Minister of RA.
Since October 2018, has been a Member of the Board of ‘‘Armenia Insurance’’ insurance LLC.
Dmitry Ladikov-Roev was born in 1970, has been a Member of the Board of ‘‘Ardshinbank’’ CJSC since 12.06.2019.
In 1987, entered the Moscow Institute of Physics and Technology, Department of Aerophysics and Space Research, from which he graduated in 1993.
In 2000, entered the Financial Academy under the Government of RF, from which he graduated in 2002.
In 2017, graduated from the Kingston University in London, Great Britain, and holds a Master's Degree in Business and Law.
From 1993 to 1995, held the post of acting Chief of the External Environment Sector of the Marketing Department of the ‘‘Sunrise’’ company.
From September, 1995 to July, 1997 inclusive, was the Commercial Director of ‘‘Delight Technologies’’ LLC.
From August, 1997 to February, 1999 inclusive, was a Trader in the Securities Department of the ‘‘Slamek–Bank’’ CB.
From 1999 to 2000, was the acting Head of the Securities Department of ‘‘Greenfield’’ JSCB.
From July, 2000 to February, 2001 inclusive, held the post of the Director-General in the ‘‘Corporate Financial-Investment Company’’ OJSC.
From February, 2001 to April, 2002, held the post of the Treasury Head of the CB ‘‘Mutual Loan Partnership’’ LLC.
From April, 2002 to December, 2002 inclusive, was the Head of Treasury Securities Department of CB ‘‘Expobank’’ LLC.
From 2002 to 2009, held the post of Deputy Chairman of the Board of JSCB ‘‘Moscow Bank of Reconstruction and Development’’ OJSC.
From 2010 to 2011, held the post of the Advisor to the Staff of the Chairman of the Board of JSCB ‘‘Investbank’’ OJSC.
From May, 2012 to September, 2015 inclusive, was the Financial Director of JSC ‘‘National Standard'' Bank.
Since May, 2016, has been holding the post of Managing Director for Assets and Liabilities of the Eurasian Development Bank.