Management
Information about Fast Bank management
Board
Board
Management
Board
Vahe
Badalyan
Badalyan
Vahe
Badalyan
Badalyan
Chairman of board
Chairman of board
April 30, 1970
Since 1989, Vahe Badalyan, together with his father Romik Badalyan and his brother Vigen Badalyan, has been engaged in entrepreneurial activities, including trade and mediation, spanning finance, information technology, agriculture, and other sectors.
In 1992, he built the first private petrol station in Armenia. Over the following years, he established three more stations and became the founder and owner of one of the country’s major fuel-importing companies. This business he operated for about a decade.
In 1994, he founded Fast Credit LLC. In 2011, the company was reorganized into a credit organization, and on November 9, 2022, it received a banking license from the Central Bank of Armenia, officially becoming Fast Bank CJSC.
Vahe Badalyan also founded Badalyan Brothers LLC, which since 2003 has launched projects in the restaurant, hospitality, and agricultural sectors, including the Caucasus Restaurant Complex, Caucasus Hotel Complex, and Caucasus Agro, among others.
In 2011, he established BetConstruct, one of Armenia’s leading technology companies. For more than a decade, BetConstruct has provided innovative technological solutions, operating branches in dozens of countries and utilizing cutting-edge technologies, including AI and ML.
In 2016, he founded Fast Credit in the United Kingdom, which maintains a competitive position in the market with 14 branches. In 2018, he launched Fast Shift, offering payment and settlement services with 24/7 fast and secure money transfers, over 1,000 payment terminals, and around 400 payment methods integrated into a single platform.
In 2020, he opened the Fjewellery retail chain in the UK. The company is engaged in gold production, sales, and export. Vahe Badalyan is also a co-founder of several technology companies, such as Soft Construct, FinConstruct, BetConstruct, FeedConstruct, PandaMR, and others, that offer software solutions, online platforms, and design tools in Armenia and internationally.
The companies founded by Vahe Badalyan operate in Armenia, France, the United Kingdom, Germany, Romania, Denmark, Sweden, Brazil, and other countries. At the core of the business philosophy is social responsibility, promoting economic, environmental, educational, and cultural development.
Vahe Badalyan also founded the Vahagn Badalyan Charitable Foundation and is actively involved in social and patriotic projects, supporting educational and cultural institutions, renovating schools in border areas, assisting socially vulnerable families, and supporting startups.
He is married and has two sons and one daughter.
Board
Vahan
Vardanyan
Vardanyan
Member of board
General Information
Born on 08.06.1972.
Professional Experience
• Fast Bank CJSC - Member of the Board | 2022 - Present
• Kerpak - Founder, Chief Executive Officer | 2021 - Present
• SpacePass - Co-Founder | 2018 - 2021
• McKinsey - Director (Partner) | 2013 - 2017
• MICEX-RTS, Moscow - Executive Director / Chief IT Officer / Member of the Executive Board | 2011 - 2013
• Renaissance Capital - Executive Director / Chief IT Officer / Co-Head of the CEO’s High-Performance Group | 2004 - 2011
• BearingPoint (formerly KPMG Consulting) - Head of Financial Services Integration | 1997 - 2004
Education
• National Engineering Institute of Armenia - Bachelor’s Degree in Computer Science, Management Information & Control Systems | 1989 - 1994
• McCallum Graduate School of Business, Bentley University - Master of Business Administration | 1995 - 1997
• Harvard Business School - Advanced Management Program | 2009
Svetlana
Karapetyan
Karapetyan
Member of board
General Information
• Born on 27.08.1987.
• Married, one son, one daughter.
Professional Experience
• Fast Bank CJSC - Member of the Board | 2022 - Present
• Fast Credit Capital UCO CJSC - Member of the Board | 2022
• Ameriabank CJSC - Senior Lawyer / Head of the Legal Support Unit for Business Directions | 2013 - 2022
• ACBA-Credit Agricole Bank CJSC - Lawyer / Senior Lawyer, Problematic Assets Department | 2010 - 2013
• BNP Paribas, France - Lawyer, Business and Problematic Loans | 2009
Education
• French University in Armenia - Bachelor’s Degree in Law | 2005 - 2009
• French University in Armenia - Master’s Degree, Faculty of International Business Law | 2009 - 2011
Lilia
Movsisyan
Movsisyan
Member of board
General Information
Born on 28.01.1973.
Professional Experience
• Fast Bank CJSC - Member of the Board | 2024 - Present
• Grant Thornton Armenia - Manager | 2023 - Present
• Fast Credit Capital UCO CJSC - Chief Accountant / Member of the Executive Board | 2018 - 2022
• ProCredit Bank CJSC - Member of the Board | 2015 - 2016
• Armcollection CJSC - Member of the Supervisory Committee | 2008 - 2009
• Inecobank CJSC - Head of Reporting Department / Chair of the Supervisory Committee / Head of Compliance and Financial Control Division / Head of Planning and Analysis Department / Deputy Chief Financial Officer / Chief Accountant / Member of the Executive Board | 2003 - 2018
• Credit-Yerevan Bank - Auditor / Senior Auditor / Head of Internal Audit | 1998 - 2003
Education
• Yerevan State University – Faculty of Mechanics and Mathematics, Qualification: Applied Mechanic-Mathematician | 1992 - 1997
Vaghinak
Khachatryan
Khachatryan
Member of the Board
General Information
• Born on 23.04.1975.
• Married, two daughter.
Professional Experience
• Fast Bank CJSC - Board Member | 2026 - Present
• Senior Risk and Banking Consultant | 2025 - Present
• Inecobank CJSC - Chief Risk Officer, Member of the Management Board | 2017 - 2024
• Inecobank CJSC - Head of Credit Department | 2010 - 2017
• Inecobank CJSC - Head of Credit Policy Management Division | 2009 - 2010
• Inecobank CJSC - Head of Trade Finance and Guarantees Division | 2005 - 2009
• Inecobank CJSC - Senior Loan Officer / Loan Officer | 2005
• Armtobacco OJSC - Marketing and Advertising Specialist | 1998 - 1999
• Armentel JV, Nairi Branch (Eghvard) – Software Engineer | 1997 - 1998
• Education
• American University of Armenia - Master of Computer and Information Science | 2002-2004
• Yerevan State Institute of National Economy - Diploma in Economic Cybernetics | 1992-1997
• CFA Institute - Investment Foundations® Certificate | 2024
Armenuhi
Knyazyan
Knyazyan
MEMBER OF BOARD
General Information
• Born on 22.01.1971
Professional Experience
• Grant Thornton Armenia – Audit Director | 2023 - 2026
• Grant Thornton Armenia - Senior Manager | 2015 - 2023
• Grant Thornton Armenia - Manager | 2009 - 2015
• Grant Thornton Armenia - Senior Auditor | 2006 - 2009
• Grant Thornton Armenia - Auditor (Financial Institutions Department) | 2004 - 2006
• Credit-Yerevan Bank - Chief Accountant | 2003 - 2004
• Credit-Yerevan Bank - Head of Internal Audit and Analysis Service | 2002 - 2003
• Credit-Yerevan Bank - Head of Planning and Analysis Division | 1997 - 2002
• Credit-Yerevan Bank - Chief Specialist / Leading Specialist / Specialist | 1994 - 1997
Education
• Yerevan State Institute of National Economy - Faculty of Economics, qualification: Economist | 1989 - 1994
Updated at 08.05.2026 13:28