Chairman of Union of Banks Armenia says majority of Armenians are financially illiterate

YEREVAN, May 14. / ARKA /. Ashot Osipyan, the chairman of the Union of Banks of Armenia, said today the majority of Armenian citizens are financially illiterate and that is why a competent analysis, good work of the media help banks to work with their customers.

Osipyan was speaking to reporters after awarding some Armenian media outlets diplomas for their active coverage of developments in financial and banking sectors.

Osipyan said part of the Armenian media is oriented for the general public and part for institutional users. He said this in view the level of covering should be different. In one case journalists should have a professional training and in the other case they should have a basic financial knowledge to be able to explain to the public what is going on in Armenia and how these changes may affect the ordinary citizens’ life,

Special diplomas for active coverage of developments in the economy and the financial and banking sectors have been awarded to ARKA, Arminfo and Mediamax news agencies,  Golos Armenia daily, Armnews , Yerkir Media and Kentron TV channels. Special prizes were awarded also to journalists from Golos Armenia and Orakarg newspapers,  168 Zham semi-weekly and Mediamax news agency. -0-

spot_img

POPULAR

Regular disclosure of information by issuers is one of key conditions for development of Armenian capital market – Ministry of Economy

Capital market development in Armenia is increasingly dependent not only on the growth in the number of issues and the expansion of instruments, but also on the quality of the environment in which investors make decisions.

Euro to Armenian dram exchange rate jumped by 5.36 drams, while the dollar and ruble rose slightly: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of April 1, 2026, increased by 0.07 points compared to March 31, reaching 377.23 drams.

How Idram and IDBank promote equal opportunities for women and men

Women’s Month is another opportunity to speak about the role of women in society and business, attitudes toward them, leadership, and equal opportunities for every member of society.

Mher Grigoryan considers ADB’s participation in key projects for Armenia important

Armenian Deputy Prime Minister Mher Grigoryan and Asian Development Bank (ADB) Regional Managing Director Leah Gutierrez discussed the implementation of joint programs.

Martin Galstyan discussed Armenia’s implementation of the Fund’s structural benchmarks with the IMF mission

Central Bank of Armenia Governor Martin Galstyan held a final meeting with Alexander Timan, head of the IMF mission to Armenia, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img