IDBank has signed a memorandum of cooperation with Yerevan State University. Within the framework of its “Side by Side” social responsibility initiative, the Bank will finance the tuition fees of 103 Artsakh students, amounting to more than AMD 35 million.
Within the framework of the memorandum, scholarships will be provided to 103 Artsakh students at YSU, contributing to their educational progress and social stability.
According to Mher Abrahamyan, Chairman of the Management Board of IDBank, it is extremely important for the Bank to stand by its compatriots.
“A needs assessment conducted by Yerevan State University showed that 103 Artsakh students were at risk of interrupting their studies due to social challenges. Recognizing the importance of education and its continuity, IDBank decided to cover the tuition fees of all 103 students at YSU. Through such initiatives, we aim not only to provide financial support but also to offer young people a sense of stability and confidence, helping them build their future in Armenia,” said Mher Abrahamyan.
According to Hovhannes Hovhannisyan, Rector of Yerevan State University, YSU has supported Artsakh students from the very first days, striving to assist them in continuing their education and overcoming social challenges.
“We have reached out to our partners and all institutions willing to share this responsibility and contribute to shaping the future of our students. Today, we are especially pleased to note that IDBank has joined this important initiative, making a truly significant contribution. We highly appreciate this partnership and express our deep gratitude to IDBank for its trust, care, and commitment to ensuring the continuity of education for our students,” noted the Rector.
In addition to financial support, IDBank will also contribute to the financial literacy of young people. Bank specialists will visit various faculties and conduct financial education courses. It should be noted that such sessions have already been held with first-year students of the Faculty of Economics and Management at YSU.
IDBank’s “Side by Side” program has been implemented since 2024. Below are some of the programs:
“By Your Side”: IDBank’s new support program for displaced Artsakh citizens
Side by Side: IDBank Launches New Program for women forcibly displaced from Artsakh
Scholarship for 100 Artsakh Students as Part of IDBank’s “Side by Side” Program
IDBank summarizes results of financial education program for Artsakh schoolchildren
THE BANK IS SUPERVISED BY THE CBA
