AraratBank provides support to 100 children from underprivileged families

 YEREVAN, April 11. /ARKA/.On April 6, a special project — “Award moments of reading” — was launched at the LOFT Center, Yerevan.

The LOFT Center will start the implementation of the “Award moments of reading” project from Vanadzor, Lori region, currently home to 5634 registered students from socially disadvantaged families.

The first phase of the project implementation will involve 1000 students from vulnerable families living in Vanadzor, 100 of whom will participate in the project under the funding provided by AraratBank.

School-age children will receive deposit gift cards to visit the LOFT Center in Vanadzor and read books in a relaxed environment, interact and share space with peers, take part in events and reap the benefits of the center.

“Receiving support from private institutions and their donations was crucial to us, thanks to which every child will be able to attend the center throughout the year and take advantage of facilities and educational and cultural events offered by the center. In this context, AraratBank is our best partner, who at once embraced the project logic and our insights and agreed to reach out to 100 children. As a matter of fact, AraratBank is one of our major donors,” said Arevik Hambardzumyan, CEO of the LOFT Centers.

Mher Ananyan, Chairman of the Executive Board of ARARATBANK OJSC said: “By participating in the “Award moments of reading” social and educational project, we are happy to contribute to the decentralization of the project and create an opportunity for children from underprivileged families to gain access to the innovative LOFT Center in Vanadzor, upgraded with advanced technology and software. We believe that all children, regardless of their social status, should have the opportunity to learn and grow.”

It is noted that a tripartite memorandum of understanding was signed between the RA Ministry of Education, Science, Culture and Sports, the RA Ministry of Labor and Social Affairs and the LOFT Center. The event was attended by executives and representatives of AraratBank as well as other donor institutions that had provided financial support to the project. -0-

spot_img

POPULAR

Martin Galstyan re-elected as Governor of the Central Bank of Armenia

Martin Galstyan was re-elected as Governor of the Central Bank of Armenia on Tuesday in a closed, secret ballot vote in the National Assembly.

The average exchange rate of the Armenian dram to the US dollar in April was 4.2% lower than a year ago

In April 2026, the average exchange rate of the Armenian dram to the US dollar was 374.2 drams, compared to 390.7 drams in April 2025, according to data from the Statistical Committee.

100 million euros will be allocated for business development in Armenia: ACBA Bank

CBA Bank, in a new partnership with the European Bank for Reconstruction and Development, will allocate 100 million euros to the development of businesses operating in Armenia, with the EBRD bearing the risk of 50 million euros of the financing.

Unibank was a partner of the international forum “Yerevan Dialogue”

“Yerevan Dialogue 2026” forum held on May 5–6 brought together senior government representatives, private sector leaders, NGOs, academics, youth, and other stakeholders in the immediate aftermath of the European Political Community Summit in Yerevan.

Central Bank of Armenia maintains the refinancing rate at 6.5%

At its meeting on Tuesday, the Central Bank's Board left the refinancing rate unchanged for the fourth consecutive time at 6.5%, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img