Tue, 10 March
6.1 C
Yerevan
USD: 377.29 RUB: 4.82 EUR: 436.15 GEL: 137.62 GBP: 503.49

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

Data of approximately 10,000 pensioners will be automatically distributed among four Armenian banks – Minister

The data of approximately 10,000 pensioners in Armenia will be automatically distributed among four banks starting tomorrow, taking into account geographic accessibility, announced Minister of Labor and Social Affairs Arsen Torosyan.

Mopeds, tricycles, and ATVs in Armenia will be included in the compulsory motor third-party liability insurance (CMTPL) system

At its session on Wednesday, the National Assembly of Armenia adopted amendments to the law "On Compulsory Liability Insurance Arising from the Use of Motor Vehicles" in the first reading.

Banks in Armenia will refund overcharged fees for cashless POS transactions to businesses

Technical issues and inaccuracies are possible during the initial implementation of the Central Bank of Armenia's Board decision regarding fees for cashless card transactions, the Union of Banks of Armenia (UBA) stated.

Market capitalization increased by 6.53% in February, reaching 478 billion drams – Armenia Securities Exchange

YEREVAN, March 6. /ARKA/. Equity market capitalization increased by...

Euro to Armenian dram exchange rate fell by 5.41 points, while dollar and ruble exchange rates changed little

The average market exchange rate for the US dollar to the Armenian dram, determined on March 2, 2026, increased by 0.11 points compared to February 27, reaching 376.99 drams.

LATEST NEWS

spot_imgspot_imgspot_img