Last Friday the Council of the International Bank founded by the CIS member-states elected Armenian Central Bank President Tigran Sargsian the chairman of the Council, the statement issued upon completion of the sitting says. Heads and representatives of the Central Banks of the founder-states – Armenia, Belarus, Kazakhstan, Moldova, Russia, Tajikistan and Ukraine – took part in the sitting of the council. The Council considered the activities of the bank in 2004, confirmed the annual balance sheet, the report on profits and losses, etc.