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Inecobank welcomes a new board member

10.10.2018, 11:30
Inecobank CJSC, one of the leading banks in Armenia, announced the appointment of Mr. Sulkhan Gvalia to its Board. Mr. Gvalia took up the new position in Bank on August 08, 2018, the press office of Inecobank reported on Wednesday.  

Inecobank welcomes a new board member
YEREVAN, October 10. /ARKA/. Inecobank CJSC, one of the leading banks in Armenia, announced the appointment of Mr. Sulkhan Gvalia to its Board. Mr. Gvalia took up the new position in Bank on August 08, 2018, the press office of Inecobank reported on Wednesday.  

“Inecobank is excited to welcome Mr. Sulkhan Gvalia to its Board. I am positive that with his tremendous managerial experience in banking system, Mr. Gvalia will bring diverse insights, innovative mind and global perspectives to the Bank!” Mr. Avetis Baloyan, the founder and major shareholder of the bank, is quoted in the press release.  

For over 10 years, Mr. Gvalia was one of the Owners and Deputy CEO of Georgian TUBank. Since the latter’s acquisition by Bank of Georgia, he was appointed as the Deputy CEO in charge of Risk Management and Corporate Banking, where he served over 11 years. 

During his tenure at Bank of Georgia Mr. Gvalia was actively involved in Bank’s IPO process resulting in prosperity of the Bank. Currently, Mr. Gvalia is the Co-Owner and CEO of E-Space LTD, which is the only company in Georgia that designs and develops electric car charging infrastructures aimed at promoting electric vehicles in the country. 

“We are very lucky to have each of our board members at our side with their skills, expertise and energy as we continue to expand the visibility and services of Inecobank” points out Mr. Tigran Davtyan, the CEO of the bank.  

Sulkhan Gvalia earned his bachelors’ degree in Law from Tbilisi State University and in Banking from Bank Academy, Frankfurt, Germany.

Inecobank CJSC is one of the leading banks in the South Caucasus region, focused on individual customers, small and middle market businesses and large corporations offering a full range of commercial banking services including break through and innovative digital banking solutions. For over 22 years the bank has been providing unmatched convenience in Armenia serving more than 400 000 customers and over 100 000 online users.  

Inecobank developed and delivered industry-leading digital banking solutions with the purpose of introducing an entirely new culture of banking services.

• In 2009 the Bank digitalized and fully automated the “Point of Sale Loan” product, reducing the loan generation time from 3-4 days to a few minutes.

• In 2012, with the introduction of InecoOnline, the Bank was one of the first to provide 24/7 banking services to its customers.

• In 2014 the Bank launched InecoMobile, its Mobile banking application, which is the most popular banking application in Armenia with over 100,000 users.

• In 2017, the Bank was the first to introduce a fully automated consumer lending solution through its mobile and online applications, which generates consumer loans 24 hours a day, 7 days a week.

• In 2018, the Bank was the first bank in Armenia to introduce InecoPay, a new contactless mօbile payments system. -0---