Stepan Gishyan charity foundation of ACBA-CREDIT AGRICOLE BANK helps create ‘social” bakery in Gyumri

YEREVAN, December 22. /ARKA/. The joint efforts of the Stepan Gishyan charity foundation of ACBA-CREDIT AGRICOLE BANK and Miasin (Together) foundation in Armenia’s second-largest town of Gyumri, have resulted in the establishment of a ‘social” bakery that will provide employment opportunities to local socially vulnerable young people.

According to a bank press release, there will be an Armenian-French “corner “in Gyumri. ‘This is the third project that has been completed by the foundation during this year. Much of the bread to be produced by the bakery will be donated to nursing homes, charitable canteens and orphanages, and the rest will be sold, ensuring stability and duration of the project,’ said Anna Gishyan, the head of the Stepan Gishyan charitable foundation.

She said apart from employment young people will be able to learn and improve their bread-making skills due to a training course to be delivered by their French peers.

According to the head of the Miasin foundation Satenik Hovhannisyan, the project tries to help those children who lived in closed institutions, orphanages, care centers and do not have the opportunity to get a work or study.

“We already have a similar experience, in particular, a bakery has been operating for about one year in the Proshyan community, where the students of the Zatik care center work. Thanks to the grants of the Stepan Gishyan Foundation, equipment was purchased for the bakery, in particular, a stove, machines for dough kneading, tables and everything that is necessary for training and at the same time for making high-quality French bread,” said Hovhannisyan.

The Bank said the results of the activity of the Stepan Gishyan charitable foundation will be summed up by the end of the year.

In 2015, ACBA-CREDIT AGRICOLE BANK, the French Agricole Credit, the National Federation of Credit Agricole and the family of Stepan Gishyan founded the Stepan Gishyan charitable foundation. -0-

spot_img

POPULAR

Loan and leasing portfolio of Armenian credit institutions in the first half of 2026 amounted to 681.8 billion drams

YEREVAN, August 10. /ARKA/. As of June 30, 2026, the total loan investment and leasing portfolio of Armenian credit institutions reached 681.8 billion drams, reflecting a 1.64% increase from the previous quarter and a 3.23% rise since the start of the year.

Euro, dollar, and ruble drop against Armenian dram

YEREVAN, August 12. /ARKA/. The average market exchange rate of the US dollar to the Armenian dram on the Armenian foreign exchange market fell by 0.16 points on August 12, 2026, compared to August 11, to 365.91 drams.

Central Bank of Armenia makes it easier to open and fund e-wallets

YEREVAN, August 11. /ARКА/. The Board of the Central Bank of Armenia has sanctioned changes to the regulations governing the issuance and utilization of electronic money, with the goal of fostering a more efficient and competitive payment landscape.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 3-9)

Armenia's financial agenda last week was determined by the Central Bank's maintenance of current monetary conditions, indicators of the banking and non-banking credit sectors, capital market activity, the state of public debt, and decisions on attracting financing from international financial institutions.

Results of the latest Junius stage summarized: a new stage lies ahead (VIDEO)

Precise mathematical calculations, financial skills, and boundless enthusiasm: the latest stage of the Junius financial tournament has successfully concluded.

LATEST NEWS

spot_imgspot_imgspot_img