Acting Chairman: Vagan Abgaryan, Head of Asset Management Department
The Investment Committee is a working body of the Bank consisting of the members of the Executive Board and representatives of the Bank’s key subdivisions and vested with the authority to pass a final resolution on the Bank’s participation in investment projects and exit strategy implementation. An investment project is any form of the Bank’s long-term investment of financial resources or other assets for the purposes of gaining profit and extending the business.
Investment Committee membership is approved by a resolution of the Bank's Executive Board. The Chairman of Investment Committee is appointed by a resolution of the Bank's Executive Board from among the members of the Executive Board. The Investment Committee Chairman bears responsibility for organization of the Investment Committee activities and interaction of the Bank's subdivisions during preparation and passing of investment resolutions. Investment Committee meetings are held every two weeks. All resolutions at meetings of Investment Committee are passed by a ¾ vote with a majority of the Investment Committee members being present. Any dissenting opinion of the members Investment Committee voting against a project are recorded in the minutes of the meeting.
The Investment Committee determines priority lines of Bank's Investment Policy and limitations by investment spheres and types including the following investment project criteria:
- scope of investment;
- project payback time (expected profit);
- clarity of strategy and project exit time;
- possibilities for control over the situation in the course of an investment project.
These investment project criteria are the basis for investment project decision-making.
