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Personnel social security expenses of Areximbank-Gazprombank group jumped over AMD 84 mln in 2012

YEREVAN, March 19. /ARKA/. Armenia-based Areximbank-Gazprombank Group told ARKA Tuesday that it had spent over 84 million drams fulfilling its commitments within its personnel social security program in 2012.

It was said to be 31.0% higher from 2011.
The program was enacted in 2010. The goals of the program are to raise the social security of the employees, hold main specialists and form in them confidence in a tomorrow’s day.

“Social security system for employees at Areximbank-Gazprombank Group offers various types of benefits and payments, such as additional vacations, the fees of which are covered (not only for long working hours, but also solution of some other issues), financial aid in case of marriage, jubilees, birth of a child; also financial aid is given to big families, employees who have a child with disabilities, and also workers of the Bank for medical treatment (including treatment abroad) in case of the death of their family members,” the source states.

The bank also reported an employee who faced a force majeure can also receive some financial aid (accident, loss of property, need for medical treatment, etc.) Also, the bank offers benefits in forms of payments to those who are close to the retirement age, an additional allowance to those who retire,etc.

In addition, those parents who left to care for a child will be receiving a monthly allowance until their child reaches the age of 3.

In 2012 the social assistance was distributed in 114 cases. Besides, the bank employees also receive financial aid for each principal vacation which is also covered.
“Over 380 workers enjoyed this type of financial aid in 2012,” the bank stated.

Areximbank-Gazprombank Group was established in 1998 for supporting entrepreneurship and serving financial flows between Russia and Armenia. Russia’s Gazprombank has been the sole owner of the bank since 2007. The bank has successfully passed ISO 9001: 2008 certification on compliance with international requirements. The bank has 16 branches, including those in 9 regions of Armenia. Seven branches are located in Armenia’s capital Yerevan.—0-

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