New chairman of Union of Banks of Armenia elected

Ararat Ghukasyan was elected a new chairman of the Union of Banks of Armenia (UBA), who served as executive director of “Converse Bank”, press service of UBA reports. Ararat Ghukasyan was unanimously elected a chairman of the Union of Banks on November 4. He will replace Emile Soghomonyan, chairman of the board of Prometheus Bank, who headed UBA since August 2007.