In order to maintain close and stable relations with the business community in Armenia, Financial & Business Association of Euro-Asian Cooperation (FBA EAC) opened its representative office.
Samvel Chzmachian is appointed the Head of the Representative office in Armenia.

From 2009 to 2017 Mr. Chzmachian was Chairman of the Union of Armenian Banks. He has been working in the banking sector for more than 44 years.