Union of Banks of Armenia
The Union is the legal entity non-commercial organization and its goal is to present the corporate interests of its members.
General meeting of UBA is the supreme governing body of UBA. General meeting is held at least once in a year during the six months following the fiscal year. The extraordinary meeting of UBA could be convened due to the decision of UBA Board, by the initiative of the executive director, supervising committee, and auditor or at least upon the request of 20 per cent of the Union members. In this regard extraordinary meeting is convened during 10 days on receiving the request on organizing it correspondingly.
The meeting has quorum whenever 50 per cent of the Union Board members participate in it.
General meeting is presided by the chairman of the Union, otherwise, in case of UBA chairman’s absence-by an elder member of the Board.