YEREVAN. – 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 8.

“Inecobank is excited to welcome Mr. Sulkhan Gvalia to its Board,” said Mr. Avetis Baloyan, the founder and major shareholder of the bank. “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!”

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” pointed 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.