The Armenian Minister of Finance, Mher Grigoryan, disclosed his income for 2022, revealing that he earned 1 billion 7 million drams. According to Hetq.am, 962 million of this income was from the sale of shares in “Ardshinbank,” a bank in which he held a 1.000056% stake. He acquired these shares from “Arins Group LLC” and “Region Financial Corporation CJSC,” making up 97.4% of the bank’s ordinary shares. The total value of his shares in Ardshinbank amounts to 502 million 300 thousand drams. In 2022, he sold a portion of these shares for 962 million 424 thousand drams, transferring majority ownership to “Arins Group LLC,” headed by Karen Safaryan. In addition to Ardshinbank, “Arins Group” has investments in various companies, including “Armienia Insurance Company,” “Capital VIP,” and “Premier Plaza.”

Following the sale of the shares, Mher Grigoryan utilized 1 million drams for gifts and aid. He also transferred a portion of the remaining income to his wife, Anna Grigoryan, who re-deposited some of the amount as a new deposit. In total, she added 200 thousand dollars and a new deposit of 500 thousand euros, in addition to the initial 300 thousand dollars. The report indicates that the remaining amount received by Mher Grigoryan, approximately 210 million drams, was donated by Anna Grigoryan.

In his financial disclosure, Mher Grigoryan declared 5 million worth of real estate, consisting of a residential house and a car in Ashtarak, as well as a residential apartment and two cars in the central district of Yerevan. He acquired these assets prior to assuming his ministerial position. Additionally, he declared 3 million drams in a bank account and 70 million drams in cash. Notably, the 70 million drams have remained as reserves and have not been converted into other assets over the years.

This financial disclosure provides insights into the assets and income of Minister Mher Grigoryan in 2022. It is based on the information published by the Corruption Prevention Commission of Armenia and sheds light on his shareholding in Ardshinbank, his philanthropic activities, and his personal possessions.

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