Union of Banks of Armenia

The Board realizes general governing functions of Union activities except for the questions, which, are left with the General Meeting to be solved, corresponding to the UBA Charter. The Board is elected by the General Meeting among the chairmen (executive directors) of Union member banks. Board meeting is presided by the chairman of the Union, otherwise, in case of UBA chairman’s absence-by an elder member of the Board. 

The number of UBA Board members is decided by UBA annual General Meeting. Board meetings are convened at least once in every three months and in case of necessity Board meetings could be convened on the UBA chairman’s initiative, upon the request of a Board member, executive director, supervising committee, and auditor.