Management

Ashot Chagharyan

"KAMURJ" UCO CJSC

Chairman of the Board

May 2025: was elected to the position of Chairman of the Board of "KAMURJ" UCO CJSC.

2017 – 2024: worked as a Director of Corporate Relations in the Russian division at Philip Morris International.

2014 – 2017: worked as a Director of Business Development in the South African division at Philip Morris International.

2011 – 2014: worked as a Director of Sales in the Serbian division at Philip Morris International.

2009 – 2011: worked as a Regional Director in the Russian division at Philip Morris International.

2000 – 2009: worked as a Financial Analyst, as a Marketing Manager, and as a Sales Manager at Philip Morris International, with assignments in Armenia, Switzerland, and Ukraine.

Ashot Chagharyan was born on 07.05.1974 in Yerevan, Armenia.

Victoria Ter-Sargisova

"KAMURJ" UCO CJSC

Board Member 

April 2025: was elected to the position of Board member of "KAMURJ" UCO CJSC.

2019 – present: co-founder of SmartJump LLC, responsible for investor relations, cooperation with financial institutions and corporate clients aimed at attraction of financial resources.

2011 – 2019: head of investor relations management division at Inecobank CJSC, responsible for investor relations, fund attraction, loan agreements review and negotiation, reporting and funding pipeline management.

2008 – 2011: marketing and PR specialist at Norvik UCO CJSC, responsible for marketing and PR planning and implementation.

2003 – 2008: worked in a number of private companies as an English language teacher, translator, researcher, and analyst.

Victoria Ter-Sargisova was born on 14.04.1982 in Samara. 

 Luiza Igraryan

"KAMURJ" UCO CJSC

Board Member 

May 2025: was elected to the position of Board member of "KAMURJ" UCO CJSC.

Since 2009 Board member of GLOBAL CREDIT UCO CJSC.

Since 2022 Board member of International Chamber of Commerce of Armenia.

2009 – 2025: Chief Executive Director of GLOBAL CREDIT UCO CJSC.

During the terms 2016 – 2018 and 2021 – 2024, President of Union of Credit Organizations of the Republic of Armenia.

1997 – 2009: Deputy Head of the Credit and Credit Policy Department and Head of the Business Loans Division of ArmBusiness Bank CJSC.

Luiza Igraryan was born on 27.10.1977 in Yerevan, Armenia.

Alexander Teryan

"KAMURJ" UCO CJSC

Executive Director 

March 2016: was appointed as the Director of "KAMURJ" UCO CJSC.

2006 – 2015: worked as an Executive Director at "Norvik" UCO CJSC.

In 2003 worked as a Deputy Executive Director at "Unibank" CJSC.

2002 – 2006: worked as an Audit Committee Chairman at the "International Trade Bank".

2000 – 2001: worked as an Inspector of Banking Supervision Department at the Central Bank of Armenia.

1997 – 1999: worked as a Head of the Credit Sector at "Menatep-Yerevan Bank" CJSC.

1995 – 1996: worked as a Currency Senior Specialist at "Sipan" Bank.

1994 – 1995: worked as a Currency Senior Specialist at "Araratbank" CJSC.

Alexander Teryan was born on 15.12.1973 in Yerevan, Armenia.

Alexander Sahakyan

"KAMURJ" UCO CJSC

Chief Financial Officer 

February 2012: was appointed as Chief Accountant at "KAMURJ" UCO CJSC.

October 2010 – February 2012: was appointed as Chief Accountant at "KAMURJ" UCO CJSC.

2006 – 2010: worked as Chief Accountant at Microenterprise Development Charitable Fund.

Alexander Sahakyan was born on 24.05.1975 in Kapan, Armenia.

Arpine Arshakyan

"KAMURJ" UCO CJSC

Deputy Executive Director - Head of Credit block

December 2019: has been appointed as Deputy Director and Head of the Lending Unit at "KAMURJ" UCO CJSC.

2012 – 2019: has worked as Deputy Director and Head of the Microcredit unit at "KAMURJ" UCO CJSC.

October 2010 – February 2012: worked as a Deputy Director of Operations at "KAMURJ" UCO CJSC.

2009 – 2010: worked as a Deputy Director of Programs at Microenterprise Development Charitable Foundation.

2005 – 2009: worked as a Head of the Gyumri Branch at Microenterprise Development Charitable Foundation.

2004 – 2005: worked as a Borrowing Agent at Microenterprise Development Charitable Foundation.

2001 – 2004: worked as a Junior Borrowing Agent at Microenterprise Development Charitable Foundation.

Arpine Arshakyan was born on 06.01.1970 in Gyumri, Armenia.

Edgar Davtyan, MBA

"KAMURJ" UCO CJSC

Deputy CEO

(Business development, Innovation, and Digitalization, Credit risk analysis)

April 2025: was appointed to the position of Deputy CEO of "KAMURJ" UCO CJSC.     

2019 – 2025: Head of centralized loan decision-making department, "KAMURJ" UCO CJSC.

2013 – 2019: Head of mortgage and consumer lending department, "KAMURJ" UCO CJSC.

2012 – 2013: Head of agricultural lending department, "Armbusinessbank" CJSC.

2007 – 2012: Senior lending specialist, "Armbusinessbank" CJSC.

2006 – 2007: Lending specialist, "Artsakhbank" CJSC.

Edgar Davtyan was born on 27.06.1985 in Yerevan, Armenia.

 Karen Hambardzumyan

"KAMURJ" UCO CJSC

Deputy CEO

April 2025: was appointed to the position of Deputy CEO of "KAMURJ" UCO CJSC.

2017 – 2025: worked at "KAMURJ" UCO CJSC as Head of the Territorial Management Department.

2014 – 2017: held various positions at "CONVERSE BANK" CJSC, including Branch Manager and Customer Service Manager.

2006 – 2015: worked at "NORVIK" UCO CJSC in different roles, including Loan Officer, Head of Service and Cash Operations Department, and Internal Auditor.

2005 – 2006: worked at "CONVERSE BANK" CJSC and "ARARATBANK" CJSC as Customer Service and Loan Specialist.

Karen Hambardzumyan was born on 17.12.1980 in Yerevan, Armenia.