French University in Armenia launching new bachelor program on banking and insurance businesses

YEREVAN, May 29. /АРКА/. French University in Armenia will launch a new four-year bachelor program on finance in banking and insurance businesses in the next academic year, Jean-Jacques Montois, the head of the university, told journalists on Thursday.

In his words, up to 60 students will be enrolled for the new curricula, who will be employed by banks and insurance companies.

Montois said that development of Armenia’s banking sector give grounds for thinking that Armenia has all chances to become a regional financial center.

He said that the main aim of the university is to create French-speaking elite that will work in Armenia and cooperate closely with France.

Montois stressed that 80% of the university’s graduates are employed in Armenia, and 30% of them are working at the country’s banks.

Samvel Chzmachyan, chairman of the Union of Banks of Armenia, on his side, said that the French banking system is reckoned among most developed in the world and that its experience will be very useful for Armenia.

He also said that the union is ready to organize students’ visits to banks for training. Banks’ specialists will give master classes for the university’s students.

June 20 is the deadline for submitting applications, and the first exams on mathematics and Armenian and foreign languages are scheduled for June 23.

Annual tuition fee is 580,000 drams. Some 10% of students will be studying for free, and the list of the student exempted from paying tuition fee will change later depending on their performance.

The new program is to be launched as part of the Armenian-French intergovernmental cooperation under the support from the Union of Banks of Armenia and the Central Bank of Armenia and with partnership with ACBA-CREDIT AGRICOLE BANK. ($1 – AMD 413.37).–0–

spot_img

POPULAR

Armenia Updates Income Declaration Procedures: New Rules, Exemptions, and Deadlines

Armenia has streamlined the process for filing annual personal income tax declarations, expanded the scope of data that is auto-populated, and defined categories of non-taxable income that citizens are not required to include in their declarations.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (October 19–25)

The financial agenda in Armenia over the past week focused on the performance of the banking sector for the first nine months of 2026, the development of the bond market, and enhancements to financial regulation.

Remittances to Armenia from EAEU member states could drop by $2.1 billion, conditions for labor migration could become more stringent

Should Armenia’s participation in the Eurasian Economic Union (EAEU) be suspended, monetary transfers from EAEU member states to Armenia could fall from a projected $3,953.5 million in 2025 to $1,850 million—a decrease of $2,103.5 million.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.26 points to 360.88 drams on October 26, 2026, compared to October 23.

Yerevan’s own budget revenues exceed target by 3.6 billion drams over 9 months

As of September 30, 2026, Yerevan’s budget had received 75.7 billion drams in own revenues, surpassing the 72.9 billion drams projected for the January–September period, reported David Hakobyan, acting head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

LATEST NEWS

spot_imgspot_imgspot_img