IDBank took part in the conference dedicated to the 10th anniversary of the Armenian Institute of Directors
IDBank became a participant in the exclusive conference “Boards of Directors in Armenia: Challenges and Opportunities” dedicated to the 10th anniversary of the Armenian Institute of Directors (AIoD). The event was attended by chairmen of boards of directors, top managers, international experts and representatives of the public sector.
Over the ten years of its activity, AIoD has played a significant role in the development of a corporate governance culture in Armenia and the formation of responsible management. As an active partner of AIoD and a pioneer in the field of quality management, IDBank particularly emphasizes the importance of such platforms in which the future institutional and economic decisions of the country are laid.
Elena Khachvankyan, Chairman of the Board of Directors of AIoD and Member of the Board of IDBank, gave a keynote speech at the opening of the conference, emphasizing the importance of cooperation between the Bank and the Institute. According to her, in recent years the Bank has done significant work to strengthen corporate governance practices and increase the diversity of the Board: “The Bank includes on the agenda of Board meetings issues that are important both from the point of view of long-term and sustainable development and risk management. Effective corporate governance helps build trust with regulators, the public, customers and employees. Professional members of the Board are able to ensure a balance of risks, and the Bank is able to implement its strategy without serious obstacles, taking into account the interests of all stakeholders. IDBank also shares the values promoted by the Armenian Institute of Directors,” she noted.
During the event, participants shared their experiences and discussed how boards of directors can increase their influence on the efficiency, innovation and sustainable development of organizations. It has been noted that strategic thinking, strong leadership accountability and integrity are key to long-term success.
Director of the Armenian Institute of Directors Armenui Hovakimyan emphasized the mission of the institute and the importance of productive cooperation with banks and financial organizations: “Financial institutions manage the funds of different people, which is always associated with risks. To contain and distribute them, including through collegial decision-making, it was the financial sector that was one of the first to introduce and effectively develop the institution of boards of directors. IDBank, being one of the most active supporters of quality corporate governance, also joined us as part of this event.”
IDBank has a continued focus on corporate governance, transparency and improving the effectiveness of the Board, striving to create a stronger and more competitive banking environment.
THE BANK IS REGULATED BY THE CENTRAL BANK OF RA
08.12.2025