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

EBRD’s AMD-denominated bonds listed on AMX; Converse Bank acted as underwriter

The AMD-denominated bonds issued by the European Bank for Reconstruction and Development (EBRD) have been listed on the Armenia Securities Exchange (AMX).

Armenia calls on Visa to reduce fees for cashless payments through POS terminals

RA Deputy Prime Minister Mher Grigoryan called on the international payment system Visa to discuss the possibility of reducing fees charged for cashless payments through POS terminals in Armenia.

Become a Unibank shareholder and acquire perpetual bonds with a 13.25% yield

Unibank is successfully placing newly issued shares worth AMD 3.9 billion as part of Armenia’s first hybrid investment offering.

Armenian investment company assets have grown approximately sixfold since 2021, exceeding 400 billion drams: Dimension Investments CEO

Armenian investment company assets have grown approximately sixfold since 2021, from 67 billion drams to over 400 billion drams, said Grigor Harutyunyan, CEO of Dimension Investments.

Unibank’s Renamed “Tumanyan” Branch Opens at a New Location

Unibank’s branch, previously located in the Moscow Cinema building, has moved to a new location and has been renamed "Tumanyan."

LATEST NEWS

spot_imgspot_imgspot_img