Stepan Gishyan Charitable Foundation provides support to children with disabilities and their parents (VIDEO)

YEREVAN, June 13. /ARKA/. Thanks to the support provided by ACBA-CREDIT Agricole Bank’s Stepan Gishyan Charitable Foundation, Source Foundation, which supports children with disabilities, has added machinery to the sewing and timber workshop operating under its patronage, the bank’s press office reports.

According to the bank’s press release, parents of the children with disabilities, working here day and night, create everything what centers for such children need.

Thanks to Stepan Gisgyan Foundation’s support, the workshop has acquired new timber equipment and raw materials necessary for producing leather and wooden appliances for development of children with special needs and production of special furniture for them. These appliances have been provided to rehabilitation centers.

”Source Foundation, thanks to the use of the provided raw materials and equipment, has produced a tree-fold result,” Anna Gishyan, director of Stepan Gishyan Foundation, is quoted in the press release. “The products have been distributed among the centers in need of them. I am convinced that these things will be used for long in these centers.”

Stepan Gishyan Foundation was established in 2015 by ACBA-CREDIT AGRICOLE BANK, France’s Credit Agricole, Credit Agricole National Federation and the Gishyan family.

ACBA was established in 1996 as part of EU’s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK.-0-

spot_img

POPULAR

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

Armenian Audit Firm Revenue Increased by 18% to AMD 16.2 Billion in 2025

At the end of 2025, the total revenue of audit firms (a combination of audit and other services) in Armenia amounted to approximately AMD 16.2 billion, representing an increase of approximately 18% compared to the previous year.

AMX held government bond placement and redemption auctions worth 35 billion drams

On May 12, the Armenia Securities Exchange (AMX) held a government bond placement auction worth 30 billion drams and a government bond redemption auction worth 5 billion drams.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

Central Bank of Armenia is discussing the creation of a guarantee fund for small business lending with the Ministry of Economy and the World...

The Central Bank of Armenia, together with the Ministry of Economy and partners from the World Bank, is discussing a mechanism for providing partial guarantees for small and micro businesses through a special guarantee fund.

LATEST NEWS

spot_imgspot_imgspot_img